Amanda's Anchers Income Statement For the Year Ending December 31, 2012 $600,000 350,000 250,000 100,000 150,000 25,000 $125,000 65,000 60,000 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before taxes Income tax expense Net income Amanda's Anchors Balance Sheet December 31, December 31, 2012 2011 60,000 20,000 20,000 $ 75,000 Cash Accounts receivable Inventory Prepaid insurance 30,000 30,000 5,000 5,000 140,000 105,000 550,000 Accumulated depredation 140,000 110,000 Total current assets Property and equipment Total property and Total assets 600,000 equipment 460,000 440,000 545,000 S 60,000 60,000 Accounts payable Other current liabilities 40,000 100,000 45,000 105,000 150,000150,000 250,000255,000 250,000250,000 40,000 290000 Total current liabilities Bonds payable Total liabilities Common stock Retained earnings 100,000 Total stockholders' equity 350000 Total liabilities and stodkholders' equity $600000 545,000 Required: For Amanda's Anchors, calculate the ratios for which the bank has an industry average. Do not round your interme Ratio Current ratio Quick ratio Receivable turnover ratio Inventory turnover ratio Debt to assets ratio Times interest earned Profit margin Return on assets Industry Amanda's Anchors 1.5 0.80 18 20 0.56 6.52 10.25% 11.50% 20.30% Return on equity