8. Table 3.1 in Chapter 3 presents financial statements over the period 2014 through 2017 for R&E Supplies, Inc. a. Use these statements to calculate as many of the ratios in Table 2.2 as you can. b. What insights do these ratios provide about R&E's financial perfor- mance? What problems, if any, does the company appear to have? 9. You are trying to prepare financial statements for Bartlett Pickle Company but seem to be missing its balance sheet. You have Bartlett's income state- ment, which shows sales last year were $420 million with a gross profit margin of 40 percent. You also know that credit sales equaled three-quarters of Bartlett's total revenues last year. In addition, Bartlett had a collection period of 55 days, a payables period of 40 days, and an inventory turnover of 8 times based on cost of goods sold. Calculate Bartlett's year-ending bal- ance for accounts receivable, inventory, and accounts payable. 8. Table 3.1 in Chapter 3 presents financial statements over the period 2014 through 2017 for R&E Supplies, Inc. a. Use these statements to calculate as many of the ratios in Table 2.2 as you can. b. What insights do these ratios provide about R&E's financial perfor- mance? What problems, if any, does the company appear to have? 9. You are trying to prepare financial statements for Bartlett Pickle Company but seem to be missing its balance sheet. You have Bartlett's income state- ment, which shows sales last year were $420 million with a gross profit margin of 40 percent. You also know that credit sales equaled three-quarters of Bartlett's total revenues last year. In addition, Bartlett had a collection period of 55 days, a payables period of 40 days, and an inventory turnover of 8 times based on cost of goods sold. Calculate Bartlett's year-ending bal- ance for accounts receivable, inventory, and accounts payable