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Compute the following ratios. Please help!! MIESZUOUASUTUSU Problem 2 Carriage Corporation Income Statement For the year ended 2018 and 2019 (in dollars) Sales year 2019

Compute the following ratios. Please help!! image text in transcribed
MIESZUOUASUTUSU Problem 2 Carriage Corporation Income Statement For the year ended 2018 and 2019 (in dollars) Sales year 2019 Sales year 2018 Cost of Goods Sold Gross Profit Cost of Goods Sold 448,600 297,250 151,350 98,600 4,100 48,650 510,200 300,000 210,200 120,000 Gross Profit Operating Expenses Operating Expense Interest Expense Interest Expense 5,900 Income before taxes Income before taxes 84,300 Income Taxes 19,598 Income Taxes 24,900 59,400 Net Income 29,052 Net Income Carriage Corporation Balance Sheet December 31, 2019 (in dollars) Assets Liabilities 10,000 8.400 Accounts Payable 17,500 3,200 29,200 Cash Short-term investments Notes Receivable Inventory Accrued Wages Payable Income Tax Payable 4,500 3,300 32,150 Other Liabilities repaid Expenses 2,650 Total Liabilities 63,400 87,400 90,000 Common Stock (20,000 shares outstanding) Retained Earnings juipment, net 153,300 62,800 tal Assets 240,200 Total Liabilities and Equity 240,200 npute the following ratios and put only your answer on the answer sheet: Profit Margin Ratio, Earnings per share, Debt quity Ratio, Acid test ratio, Inventory turnover, Current Ratio. Inventory had a balance of $30,500 at the end of 2018

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