4 5 6 Sales A B For the Year Ended December 31, 2020 7 Cost of Goods Sold 2020 714,285.71 U D E F Assets As of December 31, 2020 2020 500,000 Cash 70,000 8 Gross Profit 214,286 Accounts Receivable 50,000 9 Operating Expenses 32,142.86 Inventories 100,000 10 Earnings Before Interest and Taxes 182,143 Total Current Assets 220,000 11 Interest Expense 98,810 Gross Fixed Assets 1,000,000 12 Earnings Before Taxes 83,333 Accumulated Depreciation 220,000 13 Taxes 14 Net Income 15 16 Notes: Tax Rate 17 33,333.33 Net Fixed Assets 780,000 50,000 Total Assets 1,000,000 Liabilities and Owner's Equity 40% Accounts Payable 20,000 Short-term Bank Notes 80,000 18 Ratio Value 19 Inventory Turnover 5.00x 20 Net Profit Margin 7% 21 Total debt ratio 60.00% 22 Gross Profit Margin 30.00% Total Current Liabilities Long-term Debt Total Liabilities Common Equity Total Liabilities and Owner's Equity 100,000 500,000 600,000 400,000 1,000,000 23 Operating Profit Margin 15.00% 24 Return on Total Assets 5.00% 25 Long-Term Debt Ratio 50.00%