Calculate the following ratios in the space below: a. Current Ratio. b. Quick Ratio. c. Debt Ratio d. Times Interest Earned Ratio (TIE). e. Inventory Turnover Ratio f. Days Sales Outstanding Ratio g. Fixed Asset Turnover Ratio h. Total Asset Turnover Ratio i. Net Profit Margin j. Return on Assets (ROA). k. Return on Equity (ROE).

Income Statement Sales revenue Less: Cost of goods sold (COGS)* Gross profit Less: Operating expenses Less: Selling, general, & administrative expenses Less: Depreciation Operating profit Plus: Other income EBIT Less: Interest expense Pretax income 2020 $10250.00 $ 7754.00 $ 2496.00 $ 600.00 $ 555.00 $ 500.00 $ 841.00 $ 120.00 $ 961.00 $ 140.00 $ 821.00 $ $ $ Less: Taxes Current Deferred Total taxes Net income after tax Less: Preferred stock dividends Earnings available for common stockholders Less: Dividends Total retained earnings** $ 325.00 180.00 505.00 795.00 $ 5 790.00 365.00 425.00 $ $ $ Dangling Lights Corporation Balance Sheets ($000) 2020 Assets Current assets Cash Marketable securities Accounts receivable Inventory Other Total current assets $ 350.00 $ 10.00 $1,450.00 $ 450.00 $ 65.00 $2325.00 Fixed Assets Gross Property, plant, and equipment Less: accumulated depreciation Net property, plant, and equipment Intangible assets Net fixed assets Total Assets $ 7,900.00 $ (2,725.00) $ 5,175.00 $ 150.00 $ 5325.00 $ 7650.00 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities Deferred taxes Long-term debt Total long-term liabilities Total liabilities $ 900.00 $ 700.00 $ 390.00 $ 1990.00 $ 650.00 $1004.00 $1654.00 $3644.00 Stockholders' equity Common stock ($1 par value)* Paid-in capital in excess of par Retained earnings Total Common equity Total liabilities and stockholders' equity $ 670.00 $ 585.00 $2,751.00 $4006.00 $7650.00