Cost of goods wild Opeuting Other home p Cash Comment notes Accounts mortable Merchandhe inventory Supplies and prepayments Land Building te Offe letal assets Current abilities counts payable foods prable Financial Statement Analysis Assignment Cowan Kitchen Counters, Inc. Comparative Income Statement For Years Ended December 31, 20-2 and 201 Tabl Common stock (510 par 180.000 shares) Retained earnings Tetal stockholdersity Total lubilities and stockholders' equity $2,584.000 $2,161000 100 1,436,00 $765,800 $46.200 11.200 121.300 300 14300 176,300 106,300 $194,600 Cowan Kitchen Counters, Inc. Comparative Balance Sheet December 31, 20-2 and 20-1 $ 255,400 201 $ 241300 250,000 250,000 901,500 797.500 911,600 141,300 47,500 108,200 108,200 330,000 390600 17,300 15,000 $2.991,600 $2.765.600 $3,000 $532,000 220,000 241,000 5 $21,000 5772,000 51.800,000 200 $1800.000 191,600 $2,068,600 $1,991,600 52.901.600 $2.75600 Use the above financial statements to calculate the below following for the year 20-2: a. Quick or acid-test ratio b. Current ratio c. Working capital d. Accounts receivable turnover e. Merchandise inventory turnover f. Asset turnover & Profit margin h. Return on assets j Return on Equity Debt-to-equity ratio k. Times interest earned ration (Bond interest is $24,200)