Based on the information below, calculate the following for 2019 (maximum points = 21): Working Capital $ Current ratio to 1 Debt to equity ratio % Return on equity % Accounts Receivable Turnover days Accounts payable Turnover days Return on Total Assets % MY THREE SONS, INC. MY THREE SONS, INC. BALANCE SHEET INCOME STATEMENT December 31, 2019 Year ended December 31, 2019 2019 2019 ASSETS Revenues $500,000 CURRENT ASSETS Cost of sales 320,000 Cash and cash equivalents $69,500 Gross Margin 180,000 Accounts receivable (allowance for doubtful accounts Operating expenses 141,000 of $6,900 and $10,400, respectively) 40,600 Net income from operations 39,000 Inventories 27,900 Income taxes 9,000 Prepaid expenses 3,900 Net income $30,000 Other current assets 12,100 Total current assets 154,000 Property & Equipment 150,000 less Accumulated Depreciation (29,000) Property, plant and equipment, net 121,000 Notes receivable 50,000 Total Assets $325,000 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable - trade $12,800 Accrued compensation and other current liabilities 5,600 Deferred revenue 2,600 Total current liabilities 21,000 LONG-TERM LIABILITIES Note payable 4,000 Total Liabilities 25,000 STOCKHOLDERS' EQUITY Capital Stock 100 Additional Paid-in-Capital 2,800 Retained earnings 297,100 Total Stockholders' Equity 300,000 Total Liabilities and Stockholders' Equity $325,000