Balance Sheet Corporation XYZ, (December 31, 2019) Assets Cash Accounts Receivable Inventories Total Current Assets Gross Fixed Assets $35,000 Less: Accumulated Depreciation 13,250 Net Fixed Assets Total Assets $ 1,000 8,900 4,350 $14,250 21.750 $36,000 Liabilities & Stockholders' Equity Accounts Payable Accruals Total Current Liabilities Long-term Debt Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity $9,000 6,675 $15,675 4,125 $19,800 1,000 15,200 $16,200 $36,000 Income Statement Corporation XYZ (December 31, 2019) Sales Revenue Less: Cost of Goods Sold Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) Net Profits After Taxes $100,000 87,000 $13,000 11,000 $2,000 500 $1,500 600 $900 1) Calculations: Use the financial statements, to complete the following calculations: __you MUST show your work for credit) a. Current Ratio = b. Profit Margin= c. Return on Equity = d. Total Asset Turnover = e. Equity Multiplier =