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Compute the missing amounts, and complete the statements of the Cassius Company (Hint: Complete the Income Statement first) CASSIUS COMPANY BALANCE SHEET AS OF DECEMBER

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Compute the missing amounts, and complete the statements of the Cassius Company (Hint: Complete the Income Statement first) CASSIUS COMPANY BALANCE SHEET AS OF DECEMBER 31, 2016 ? Cash ? Accounts Receivable (Net) Inventory ? PPE (Net) ? Current Liabilities 6.08% Long-Term Bonds Payable Common Stock Retained Earnings 3.700,000 1,755,856 ? Total Assets 8,300,000 Total Liabilities and Stockholders' Equity ? CASSIUS COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2016 Net Sales Cost of Goods Sold Gross Profit ? ? ? SGA Expenses Income from Operations Interest Expense on Bonds Payable ? Income before Income Taxes ? Income Tax Expense ? Net Income 642,000 The following information is available about Cassius Company's financial statements: 1. The Accounts Receivable Collection Period (DRO) is 38.78 Days 2. The Days Inventory Outstanding (DIO) is 50.12 Days 3. The Current Ratio for the firm is 3.78 4. The Net Profit Margin for the firm is 12.78% 5. The Gross Profit Margin for the firm is 39.5% 6. The Return on Common Equity for the firm is 16.65% 7. The Income Tax Rate for the firm is 25.7% Compute the following information on the Cassius Company A) Calculate the Quick Ratio of the firm B) Calculate the Operating Profit Margin C) Calculate whether the firm is successfully trading on the equity D) Calculate the Financial Leverage Index E) Calculate the Interest Coverage F) Calculate the Altman Z-Score

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