Balance Sheet
December 31st, 2021	2021
Assets
Cash and marketable securities	$25,000
Accounts receivable	$100,000
Inventories	$125,000
Total Current assets	$250,000
Gross plant & equipment	$300,000
Less: Accumulated depreciation	$-100,000
Net plant & equipment	$200,000
Land	$50,000
Net fixed assets	$250,000
Total assets	$500,000
LIABILITIES & EQUITY
Accounts payable	$78,000
Notes payable	$34,000
Accrued liabilities	$30,000
Total current liabilities	$142,000
Long term debt	$140,000
Total liabilities	$282,000
Common stock ($1 par, 50,000 shares)	$50,000
Paid in capital	100,000
Retained earnings	$68,000
Total stockholders equity	$218,000
Total liabilities and equity	$500,000

Income Statement
December 31st, 2021	2021
Net revenue sales	$700,000
Cost of Goods Sold	$450,000
Gross profit	$250,000
Operating expenses
General & administrative	$95,000
Selling & marketing	$56,000
Depreciation	$25,000
Operating income	$74,000
Interest	$14,000
Income before taxes	$60,000
Income taxes (40%)	$24,000
Net income	$36,000
Number of shares outstanding	$50,000
Earnings per share (EPS)	$0.72

Use the table above to solve for the following: a) Current ratio = Current assets/Current liabilities (3pts) b) Quick ratio = Cash + Marketable securities + Accounts receivable)/Current liabilities (3pts) c) Average Payment Period ratio = Accounts payable/Cost of goods sold /365= Accounts payable/Cost of goods sold per day (4pts) d) Total assets turnover ratio = Net sales/Total assets (3pts) e) Fixed assets Turnover ratio = Net sales/Net fixed assets (3pts) f) Inventory Turnover ratio = Cost of goods sold/Inventory (3pts) g) Total debt to total asset ratio = Total debt/Total assets (3pts) h) Equity multiplier = Total assets/Total equity (3pts) i) Interest coverage ratio = Earnings before interest \& taxes (operating income or EBIT)/Interest expense = (4pts) j) Operating profit margin ratio = Earnings before interest \& taxes(operating income)/Net sales (3pts) k) Net profit margin ratio = Net income/Net sales (3pts) l) Operating return on assets ratio = Earnings before interest \& taxes (operating income)/Total assets (3pts) m) Return on total assets ratio = Net income/total assets (3pts) (?)