5-35. From the values of the different ratios given, calculate the missing balance sheet and income statement items of National Sponge Company. Average Collection Period 48.67 days Inventory Turnover 9x Debt to Asset Ratio 4 or 40% Current Ratio 1.6250 Total Asset Turnover 1.5 Fixed Asset Turnover 2.647 Return on Equity 0.242 or 24.2% Return on Assets 0.145 or 14.5% Operating Profit Margin 13.33% Gross Profit Margin 48.89% National Sponge Company Income Statement for 2018 (000 dollars) SMOS Sales 20 $45,000 Nets Cost of Goods Sold TO Gross Profit 000 $ Selling and Administrative Expenses SU Depreciation Expense 3,000 Operating Income (EBIT) Interest Expense Earnings before Taxes (EBT) Income Taxes (T = 25%) 1,450 Net Income (NI) National Sponge Company Balance Sheet as of End 2018 oldeyse he de Assets: Cash 000 Accounts Receivable (gross) Side 9 anos Inventory SB Plant and Equipment (net) Land 000 1,000 2,000 Liabilities: Accounts Payable Notes Payable Accrued Expenses 0 Bonds Payable 3,000 Stockholders' Equity: Common Stock Retained Earnings 4,000 ttom Constri