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3-3B. (Ratio analysis) The balance sheet and income statement for the Simsboro P2 Company are as follows 33B. (Ratio analysis) The balance sheet and income
33B. (Ratio analysis) The balance sheet and income Statement for the Simsboro Company are as follows; BALANCE SHEET (SOOO) Cash Accounts receivable Inventor' es Current assets Act fixed assets Totai assets Accounts payable Accrued expe nses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabiiities and OwncfS' equity depreciation for the year. Calculate dae following ratios: Current ratio Times interest inventory twnovrr Total asset tutnover Operating toatoin mcornc 00 investment 200 $1,800 2,100 4 100 INCOME STATEMENT ($000) Net sales (all credit) Cost Of goods sold Gross profit Opera ting expenses Operating income Interest expense Earnings before taxes Income taxes (40%) Net income Oebt ratio Average collection period fixed asset turnover Gross profit S7.soo $4. soo (367) $1,133
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