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calculate liquidity ratio efficiency ratios leverage ratios coverage ratio profitability ratios use these ratio prepare a report 2019 Income Statement 2020 Sales 58,410 Cost of

calculate
liquidity ratio
efficiency ratios
leverage ratios
coverage ratio
profitability ratios
use these ratio prepare a report image text in transcribed
2019 Income Statement 2020 Sales 58,410 Cost of goods sold 34,950 Gross Profit 23,460 Selling & G&A Exp. 13,950 Depreciation 1,788 Operating Expenses 15,738 Operating Income 7,722 Interest Expense (762) Pretax Income (EBT) 6,960 Taxes 2.088 Net Income 8,410 7,405 8,500 24,315 29,471 53,786 2019 Balance Sheet 2020 75,250 Assets 35,200 Cash 1,750 40,050 Accounts Receivable 3,204 13,200 Inventories 9,450 1,785 Total Current Assets 14,404 14,985 Fixed Assets 30,120 25,065 Total Assets 44,524 (855) 24.210 Liabilities and Shareholders' Equity 7.263 Accounts Payable 9,120 16,947 Accrued Expenses 6,520 Total Current Liabilities 15,640 Long-term Debt 24.120 Total Liabilities 39.760 Common Stock 55 Retained Earnings 17,660 Total Equity 17,715 Total Liabilities and Equity 57,475 4,872 6,750 6,424 13,174 15,780 28,954 56 15.765 15,821 44,775

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