anter BIU.ab X, X A.D.A . - Font Paragraph Use the following information to answer the questions on page 2 below: Note: all sales are credit sales. Income Stmt info: 2019 2018 1,000,000 Sales $ $ 1,050,000 432,000 less Cost of Goods Sold: 400,000 600,000 618,000 Gross Profit Operating Expenses 350,000 365,750 Earnings before Interest & Taxes 252,250 Interest exp 20,400 earnings before Taxes 250,000 20,000 230,000 69,000 161,000 231,850 69,555 Taxes Net Income $ $ Balance Sheet info: 12/31/2019 Cash 12/31/2018 25,000 50,000 125,000 Accounts Receivable $ $ $ 30,000 54,000 130,000 Inventory 200,000 $ 214,000 Total Current Assets Fixed Assets (Net) 300,000 500.000 $ $ 318,000 532.000 Total Assets Current Liabilities Long Term Liabilities Total Liabilities 110,000 180,000 290,000 210,000 500,000 $ $ $ $ $ 119,900 175,000 294,900 237,100 532.000 Stockholder's Equity Total Liab & Equity: S wordsDB UU RUUUCCD HUDULLU DUCED AUBOLcd JUULI PUDUCUL ading 1 Heading 2 Reg Title Subtitle Subtle Em... Emphasis Intense E... Styles . .2 1. ... . .. ... ... . .. ...5 .. . 6 Compute each of the following ratios for 2018 and 2019 and indicate whether each ratio was getting "better" or "worse" from 2018 to 2019 and was "good" or "bad" compared to the Industry Avg in 2019 (round all numbers to 2 digits past the decimal place) "Good" or 2019 Getting Better or Getting Worse? Industry compared to Industry Avg 2018 2019 Avg 0.11 Profit Margin Current Ratio 1.90 0.66 9uick Ratio Return on Assets .50 Debt to Assets 18.00 Receivables turnover 15.50 Avg. collection period 9.25 Inventory Turnover** 0.55 Return on Equity 13.20 Times Interest Earned *Assume a 360 day year Inventory Turnover can be computed 2 different ways. Use the formula listed in the text sance question - 9 W BUSI 320 Compreh