A B I K L M . C E H Handsome Jack's, Inc.--Make-up for the discriminating Man STATEMENT OF INCOME For the Year Ended September 30, 2019 Revenue: Sales $ 189 Total Revenue 189 189 Expenses and Losses: Cost of Sales Salaries Depreciation Advertising Interest Miscellaneous Income Tax Loss on Sale of Assets 48 10 9 16 6 5 5 4 103 Net Income 86 Handsome Jacks, Inc. STATEMENT OF FINANCIAL POSITION September 30, 2019, and September 30, 2018 30-Sep-19 30-Sep-18 ASSETS: $ CASH ACCOUNTS RECEIVABLE MERCHANDISE PREPAID ADVERTISING EXPENSE AVAILABLE-FOR-SALE INVESTMENTS (LONG-TERM) PLANT ASSETS ACCUMULATED DEPRECIATION TOTAL ASSETS 84 $ 9 36 14 14 60 53 -26 230 $ 78 11 31 11 63 34 -20 $ 208 8 4 4 LIABILITIES AND EQUITY ACCOUNTS PAYABLE ACCRUED SALARIES PAYABLE INTEREST PAYABLE DIVIDENDS PAYABLE BONDS PAYABLE COMMON STOCK ($1 Par Value) PAID-IN-CAPITAL EXCESS OVER PAR--COMMON STOCK RETAINED EARNINGS TOTAL LIABILITIES AND EQUITY 8 78 50 10 68 230 $ 13 3 6 2 68 50 10 56 208 $ Additional Info: 1. 3. Plantassets were purchased for cash this year--$30. Market value of a share of stock is $17.20 as of 9/30/19. Instructions: 1. Prepare a statement of Cash Flows -- using the indirect method for operating activities 2 Prepare the following ratios (for the most recent year). 4. Working Capital b. Current ratio c. Inventory turnover d. Days in Inventory e. Accounts Receivable Turnover f. Average Collection Period g. Debt to Assets . h. Times interest earned i. Free Cash Flow j. Earnings per share k. Price learnings ratio re 1. Gross Profit Rate m. Profit Margin n. Return on Assets o. Payout ratio p p. Return on Common Stockholders' equity Tell me about the financial leverage of Handsome Jack's--BE SPECIFIC