Assets (5) 2012 250.000 Cash Bank Account Receivable Inventories Total Current Asset (A) 500,000 Balance Sheet 31 Dec, 2013 Liabilities & Equity 2017 700,000 Accounts payable 100.000 Notes payable 200.000 Accruals 400.000 1.700.000 Total Current abilities Long-term debt Total Liabilities 2,000,000 250.000 Common stock L750.000 Preferred stock Retained earnings Total equity (8) 1,000,000 2.400.000 Gross Fixed Asset Less Depreciation. Net Fixed Asset 200,000 800,000 19 Total assets 13,450.000 Total Liabilities Equity 3450,000 2017 Income Statement 31 Dec, 2015 Items Sales 2,500,000 Cost of Goods Sold (1,200,000) Other expenses (250,000) Depreciation (170.000) Total operation costs (1,620,000) Earnings before Interest & Tax EBIT - 880,000 Interest expenses (100,000) Earnings before Tax EBT - 780,000 Tax (62.400) Net Income 717,600 2. Calculate the following Ratios? 1) Debt ratio: 2) TIE: Times Interest Expense 3) DOS: Days Sales Outstanding 4) PM: Net Profit Margin 5) OM: Operating profit margin 6) GPM Gross profit margin