4.4ABC Corporation balance sheet and income statement are provided. The finanical ratios to be completed are listed below. However, to complete the ratios the balance sheet and income statement totals should also be calculated.

ABC Corporation

ABC Corporation

Balance Sheet

Income Statement

December 31, 20XX

As of December 31, 20XX

Assets:

Cash

250

Sales

8600

Accounts receivable

550

Cost of goods sold

2350

Inventories

750

Gross profits

??

Other current assets

200

Operating expenses:

Total current assets

??

Selling and G&A expenses

850

Gross fixed assets

2500

Depreciation expenses

125

Accumulated depreciation

-1000

Total operating expenses

??

Net fixed assets

1500

Operating income (earnings before interest and taxes)

??

Total assets

??

Interest expense

50

LIABILITIES (DEBT) AND EQUITY

Earnings before taxes

??

Accounts payable

250

Income taxes

300

Short-term notes payable

90

Net Income

??

Total current liabilities

??

Long-term debt

960

Total liabilities

??

Common stock (par & paid in capital)

1000

Other Information

Retained earnings

950

Number of shares (thousands)

240

Total common equity

1950

Dividends (thousands)

175

Total liabilities and equity

??

Market price per share

35

Ratios

Current ratio

Acid-test ratio

Days in receivables

Days in inventories

Operating return on assets

Operating profit margin

Total asset turnover

Fixed asset turnover

Debt ratio

Times interest earned

Return on equity

Earnings per share

Dividends per share

Price/Earnings

Book value per share

Market/Book