Ch 04: End-of-Chapter Problems - Analysis of Financial Statements eBook Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, number of shares are shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2019 (In Thousands) Cash $ 124,250 Accounts payable Receivables 335,475 Other current liabilities Inventories 335,475 Notes payable to bank Total current assets $ 795,200 Total current liabilities Long-term debt Net fixed assets 447,300 Common equity (60,882.5 shares) Total assets $1,242,500 Total liabilities and equity $ 136,675 136,675 111,825 $ 385,175 248,500 608,825 $1,242,500 Barry Computer Company: Income Statement for Year Ended December 31, 2019 (In Thousands) Sales $1,750,000 Cost of goods sold Materials $770,000 Labor 437,500 Heat, light, and power 122,500 Indirect labor 140,000 Depreciation 87,500 1,557,500 Gross profit $ 192,500 Selling expenses 87,500 General and administrative expenses 35,000 Earnings before interest and taxes (EBIT) $ 70,000 Interest expense 19,880 Earnings before taxes (EBT) $ 50,120 Federal and state income taxes (25%) 12,530 Net income $ 37,590 Earnings per share $ 0.6174 Price per share on December 31, 2019 $ 14.00 a. Calculate the indicated ratios for Barry. Do not round intermediate calculations. Round your answers to two decimal places. Ratio Barry Industry Average Current 1.99x