Assets $ 35 Cash 40,000 T0,000 Accounts Receivable 320,000 350,000 Inventory 450,000 320,000 Total Current Asset 820,000 T441300 Gross Fixed Assets 580,000 520,000 Accumulated Depreciation 180,000 150,000 Net Pored Asset 380,000 3T0,000 Total Asset 1,200,000 1,110,000 Liabilities :5 Stockholders ' Equity Current Liabilities Accounts Payable 380,000 320,000 Notes Payable 110,000 80,000 Accrued Expense 20,000 20,000 Total Current Liabilities 520,000 430,000 Long Term Debt 320,000 350,000 Total Liabilities 840,000 T80 I.000 Stockholders' Equity Common Stock: at par 100,000 100,000 Share Premium Reserve 150,000 150,000 Retained Earnings 110,000 80,000 Total Liabilities a Stockholders'Equity 1,200,000 1,110,000 Income Statement 2015 5 Sales 2,200,000 Cogs 1,420,000 Gross Prot T80,000 Operating Expenses 500,000 Operating Income [EBIT} 180,000 Interest 28,000 Earnings before Tax [E81] 151,000 Tax {30%} 45,000 Earnings after Tax {Net Income] 100,000 Additional lnfomration: Purchased equipments paying $40,000 cash. Annual depreciation expense was $30,000. Paid cash dividend of $28,000. No sale of xed asset. sews Required A} Prepare a Cash Flow Statement for the year 2015. {12} El} Calculate the following Ratios for the year 2015 and also indicate the signicance of each ratio {18} Current Ratio, Quick Ratio, Accounts Receivable Turnover, Prot Margin, Asset Turnover, RDA, Retum on Common Stockholders'Eguit}: Debt to Asset, Times interest Earned ratio