Balance Sheet October 31, 2024 Assets Current Assets Cash Accounts receivable Inventory Prepaid Rent Property. Plant, and Equipment Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Current Liabilities Accounts payable Income tax payable Dividends payable Salaries and wages payable Interest payable Note payable-current portion Long-term Liabilities Note payable-long-term portion Total liabilities Stockholders' Equity Paid-in capital Preferred stock, 3,136 shares issued and outstanding $15,680 Preferred stock, 3,136 shares issued and outstanding $15,680 Common stock, 29,048 shares issued, 28,208 outstanding Retained earnings Total paid-in capital and retained earnings 29,048,728 126,04081,312 Less: Treasury stock-common (840 shares), at cost Total stockholders' equity Total liabilities and stockholders' equity 125,480167,469 Net sales $518,000 Cost of goods sold Gross profit 259,000259,000 Operating expenses Salaries and wages expense ' $103,600 Depreciation expense 11,032 Other expenses Interest expense Income before income tax 103,600616 Income tax expense Net income $82,88020,720 Natalie and Curtis are thinking about borrowing an additional $20,000 to buy more equipment. The loan would be repaid over a 4 year period. The terms of the loan provide for equal semiannual installment payments of $2,500 on May 1 and November 1 of each year, plus interest of 5% on the outstanding balance. Dividends on preferred stock were $1,400. Since this is the first year of operations and the beginning balances are zero, use the ending balance as the average balance where appropriate. 1. Currentratio :1 2. Accounts receivable turnover times 3. Inventory turnover times 4. Debt to assets % 5. Times interest earned times 6. Gross profit rate % 7. Profit margin % 8. Asset turnover times 9. Return on assets 10. Return on common stockholder's equity