Calculate the required ratios for Foster,Inc for 2021 only Foster, Inc. Income Statement For the years ended December 31 2021 Net sales (credit sales) Cost of goods sold 8,250,000 3,000,000 2020 7,850,000 2,400,000 Gross Profit 5,250,000 5,450,000 Operating Expenses 1,400,000 1,550,000 Interest expense 50,000 45,000 Earnings before income taxes 3,800,000 3,855,000 Income Tax expense 798,000 Net Income 3,002,000 809,550 3,045,450 Balance Sheet Assets Cash 850,000 700,000 A/R 850,000 800,000 Inventory 360,000 280,000 Total current assets 2,060,000 1,780,000 Plant Property & Equipment 8,000,000 7,500,000 Accumulated Depreciation 3,200,000 2,800,000 Plant Property & Equipment, Net 4,800,000 4,700,000 Total Assets 6,860,000 6,480,000 Liabilities & Stockholders Equity A/P 200,000 170,000 Salaries payable 30,000 30,000 Taxes payable 100,000 50,000 Total current liabilities 330,000 250,000 Long term Notes Payable 800,000 900,000 Total LT liabilities 800,000 900,000 Total liabilities 1,130,000 1,150,000 Stockholders Equity Common stock ($10 par) 2,000,000 2,000,000 Retained earnings 3,730,000 3,330,000 Total Stockholders Equity 5,730,000 5.330,000 Total Liabilities & Stockholders Equity 6,860,000 6,480,000 Stock price on December 31, 20211 100 80 Cash dividends paid in 2021 2,602,000 400,000 Shares of common stock outstanding 200,000 200,000 There are no shares of preferred stock Ratios Working capital Current ratio Quick ratio Cash ratio Debt Ratio Times interest earned Inventory Turnover Days Sales in Inventory Receivable Turnover Days Sales in Receivables Asset Tumover Profit Margin Return on Assets Return on Equity Earnings Per Share Price Earnings Ratio Dividend Yield Dividend Payout