D Question 49 4 pts The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Common Stock $100,000 Interest Payable $5,000 Supplies $2,000 Cash $25,000 Notes Payable (due in 18 months) $75,000 Accounts Payable $15,000 Accounts Receivable $22,000 Deferred Revenue $9,000 Retained Earnings $50,000 Equipment $110,000 What is the amount of current liabilities? Question 51 20 pts Use the following to answer the questions Net Sales $900,000 Gross profit $405,000 Beginning inventory $25,000 Purchases $480,000 Operating expense $340,000 Average tax rate 22% Cost of goods sold Choose) Ending inventory Choose Operating income [Choose) Income tax expenses Choose Gross profit ratio [Choose Question 52 20 pts Use the following to answer the questions DO NOT INCLUDE COMMAS OR DOLLAR SIGNS IN YOUR ANSWERS Total Assets $990,000 Non-current assets $700,000 Total liabilities $490,000 Current liabilities $115,000 Retained earnings $150,000 How much are the Current Assets How much are the Non-current Liabilities? How much is total stockholders' equity? How much is Paid-In Capital (Common Stock)? Determine the current ratio (rounded to 2 decimal places) Question 53 16 pts Use the following to answer the questions DO NOT INCLUDE COMMAS OR DOLLAR SIGNS IN YOUR ANSWERS Sales $980,000 Loss on sale of equipment $5,000 Cost of goods sold $520,000 Operating expense $260,000 Sales returns & allowances $20,000 Income tax expense $43,750 Calculate Net sales Calculate operating income Calculate Net income Calculate the net profit margin, rounded to 2 decimal places