Apple Manufacturing Income Statement For the Year Ended December 31, 2020 $ Sales (all on credit) Cost of goods sold Gross margin Depreciation expense 234,6 100,4 134, 1 10,3 General and admin expenses 16,7 Selling expense 16,7 Earnings before interest and taxes 90,2 Interest expense 9,5 Earnings before taxes 80,6 Tax expense 24,2 Earnings after taxes $ 56,4 5268.jpg IMG-5267.jpg IMG-5266.jpg Apple Manufacturing Balance Sheet December 31, 2020 Assets Cash $ 27,0 Accounts receivable (net) 18,3 41,3 Inventory Total current assets Property, plant and equipment (net) 86,8 56,9 Total assets 143,8 Liabilities and Shareholders' Equity: Accounts payable Current portion of long term debt Notes payable 13,4 5,2 7,7 268.jpg IMG-5267.jpg IMG-5266J0g * than Thent (re) 0, 990 Total assets 143, 843 Liabilities and Shareholders' Equity: 13,432 Accounts payable Current portion of long term debt Notes payable 5, 264 7,778 Total current liabilities 26,474 Long term debt 49, 390 Total liabilities 75,864 13, 307 Shareholders' equity Preferred stock (Note 1) Common stock (Note 2) Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 15,934 38,738 67,979 143, 843 A IMG-5267.jpg IMG-5266.jpg 5268.jpg nafile Note 1: $3 non-cumulative preferred shares, 1,000 shares outstanding Note 2: 5,000 common shares outstanding Required: Calculate the ratios below and record the answers in the designated spots. Please provide your answer to TWO decimal spots for all your answers (for example 10.05) Return on Assets % Quick Ratio X Receivables Average Collection Period days Total Asset Turnover X Debt to Total Assets 9 Apple Manufacturing Income Statement For the Year Ended December 31, 2020 $ Sales (all on credit) Cost of goods sold Gross margin Depreciation expense 234,6 100,4 134, 1 10,3 General and admin expenses 16,7 Selling expense 16,7 Earnings before interest and taxes 90,2 Interest expense 9,5 Earnings before taxes 80,6 Tax expense 24,2 Earnings after taxes $ 56,4 5268.jpg IMG-5267.jpg IMG-5266.jpg Apple Manufacturing Balance Sheet December 31, 2020 Assets Cash $ 27,0 Accounts receivable (net) 18,3 41,3 Inventory Total current assets Property, plant and equipment (net) 86,8 56,9 Total assets 143,8 Liabilities and Shareholders' Equity: Accounts payable Current portion of long term debt Notes payable 13,4 5,2 7,7 268.jpg IMG-5267.jpg IMG-5266J0g * than Thent (re) 0, 990 Total assets 143, 843 Liabilities and Shareholders' Equity: 13,432 Accounts payable Current portion of long term debt Notes payable 5, 264 7,778 Total current liabilities 26,474 Long term debt 49, 390 Total liabilities 75,864 13, 307 Shareholders' equity Preferred stock (Note 1) Common stock (Note 2) Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 15,934 38,738 67,979 143, 843 A IMG-5267.jpg IMG-5266.jpg 5268.jpg nafile Note 1: $3 non-cumulative preferred shares, 1,000 shares outstanding Note 2: 5,000 common shares outstanding Required: Calculate the ratios below and record the answers in the designated spots. Please provide your answer to TWO decimal spots for all your answers (for example 10.05) Return on Assets % Quick Ratio X Receivables Average Collection Period days Total Asset Turnover X Debt to Total Assets 9