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Compute the missing accounts balances of Mark Company's balance sheet using the following financial data: Sales $114,400 Current Ratio 3.72 Quick Ratio 2.84 Total Assets

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Compute the missing accounts balances of Mark Company's balance sheet using the following financial data: Sales $114,400 Current Ratio 3.72 Quick Ratio 2.84 Total Assets Tumover 0.8 Fixed Assets Tumover 2.288 Operating Profit Margin 5% Interest Rate 10% Tax Rate 20% $25,000 Balance Sheet: Cash Accounts Receivable Inventory Equipment Total. Issets 36.000 Notes Payable Common Stock Retained Eamings 42.000 Total Liabilities and Stockholders' Equity Cash amount is: * $22,000 $35,000 $60,000 None of the above * Inventory amount is: $22,000 $35,000 $50,000 O None of the above Equipment amount is: * O $25,000 $50,000 O $143,000 None of the above Total Assets amount is: $50,000 $118,000 $143,000 None of the above Common Stock amount is: * $101,000 $67,000 $51,000 None of the above Total Liabilities and Stockholders' Equity amount is: * $50,000 $118,000 0 $143,000 None of the above The Times-Interest-Earned (TIE) ratio of the company is: * O 2.288 O2.36 04.37 None of the above The amount of the company's Net Income is: O $2,576 O $3,864 O $4,376 None of the above

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