c. Calculate the 2022 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total d assets turnover. How does D'Leon's utilization of assets stack up against other firms in the industry? Calculate the 2022 debt to Hour doos D'Icon compare with Assets Balance Sheets 2022E 2021 2020 Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and Equity Accounts payable $ 436,800 Accruals 408,000 Notes payable 300,000 $ 85,632 878,000 1,716,480 7,282 632,160 1,287,360 $2,680,112 $1,926,802 817,040 $3,497,152 939,790 $2,866,592 $ 524,160 489,600 636,808 $ 57,600 351,200 715,200 $ 1,124,000 344,800 $ 1,468,800 $ 145,600 136,000 200,000 Total current liabilities $1,144,800 $1,650,568 $ 481,600 Long-term debt 400,000 723,432 323,432 Common stock 1,718,986 460,000 460,000 Retained earnings 233,366 32,592 203,768 Total equity $1,952,352 Total liabilities and equity $3,497,152 $ 492,592 $2,866,592 $ 663,768 $ 1,468,800 Note: E indicates estimated. The 2022 data are forecasts. Sales Cost of goods sold Other expenses Total operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest expense EBT Taxes (25%) Income Statements 2022E 2021 $ 6,900,600 $ 6,126,796 5,875,992 550,000 5,528,000 519,988 TABLE IC 4.2 2020 $ 3,432,000 2,864,000 358,672 $ 6,425,992 $ 6,047,988 $ 3,222,672 $ 474,608 $ 78,808 $ 209,328 116,960 116,960 18,900 $ 357,648 ($ 38,152) $ 190,428 70,008 122,024 43,828 $ 287,640 ($ 160,176) $ 146,600 31,866 0 36,650 Net income $ 255,774 ($ 160,176) EPS $ 1.023 ($ 1.602) $ 109,950 1.100 DPS $ 0.220 $ 0.110 $ 0.275 Book value per share $ 7.809 $ 4.926 $ 6.638 Stock price $ 12.17 $ 2.25 S 8.50 Shares outstanding 250,000 Tax rate 25.00% 100,000 25.00% 100,000 Lease payments Sinking fund payments Note: Findicates estimated. The $ 40,000 $ 40,000 25.00% $ 40,000 0 0 0