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Calculate the five ratios for 2020 (based on Pro Forma statements). 2018 2019 Sales $ 1,157,300 $ 1,293,600 Depreciation 166,100 173,600 Cost of goods sold

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Calculate the five ratios for 2020 (based on Pro Forma statements).

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2018 2019 Sales $ 1,157,300 $ 1,293,600 Depreciation 166,100 173,600 Cost of goods sold 397,900 470,700 Other expenses 94,600 82,400 Interest 77,600 92,600 Cash 606,700 646,600 Accounts receivable 803,400 942,700 Short-term notes payable 117,100 114,700 Long-term debt 2,032,000 2,463,600 Net fixed assets 5,088,800 5,427,300 Accounts payable 438,400 464,400 Inventory 1,428,300 1,528,800 Dividends 141,100 161,800 Tax rate 34% 34% Share Outstanding 10.000 10,000Financial Statements Balance sheet as of Dec. 31, 2018 Cash $ 606,700 Accounts payable $ 438,400 Accounts receivable 803,400 Notes payable 117,100 Inventory 1,428,300 Current liabilities $ 555,500 Current assets $ 2,838,400 Long-term debt $ 2,032,000 Net fixed assets $ 5,088,800 Owners' equity $ 5,339,700 Total assets $ 7,927,200 Total liab. & equity $7,927,200 Balance sheet as of Dec. 31, 2019 Cash 646,600 Accounts payable $ 464,400 Accounts receivable 942,700 Notes payable 114,700 Inventory 1,528,800 Current liabilities $ 579,100 Current assets $ 3,118, 100 Long-term debt $ 2,463,600 Net fixed assets $ 5,427,300 Owners' equity $ 5,502,700 Total assets 8,545,400 Total liab. & equity $ 8,545,4002018 Income Statement Sales $ 1, 157,300.00 Costs 397,900.00 Other expenses 94,600.00 Depreciation 166, 100.00 EBIT $ 498,700.00 Interest 77 600.00 EBT $ 421,100.00 Taxes 143,174.00 Net income $ 277,926.00 Dividends $ 141,100.00 Addition to retained earnings 136,826.002019 Income Statement Sales $ 1,293,600.00 Costs 470,700.00 Other expenses 82,400.00 Depreciation 173,600.00 EBIT $ 566,900.00 Interest 92,600.00 EBT $ 474,300.00 Taxes 161,262.00 Net income 313,038.00 Dividends $ 161,800.00 Addition to retained earnings 151,238.00

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