E-COMMERCE CORPORATION Forecast 2020 2021 Cash $50,000 $60,000 Accounts Receivables 200,000 290,000 Inventories 450,000 570,000 Total Current Assets 700,000 920,000 Fixed Assets, Net 300,000 380,000 Total Assets $1,000,000 $1,300,000 Accounts Payable $140,000 $180,000 Accruals 50,000 70,000 Bank Loan 80,000 90,000 Total Current Liabilities 270,000 340,000 Long-Term Debt 400,000 550,000 Common Stock ($1 par) 50,000 50,000 Capital Surplus 200,000 200,000 Retained Earnings 80,000 160,000 Total Liab. & Equity $1,000,000 $1,300,000 Forecast 2020 2021 Net Sales $1,300,000 $1,600,000 Cost of Goods Sold 780,000 960,000 Gross Profit 520,000 640,000 Marketing 130,000 160,000 General & Administrative 150,000 150,000 Depreciation 40,000 55.000 EBIT 200,000 275,000 Interest 45,000 55,000 Earnings Before Taxes 155,000 220,000 Income Taxes (40% rate) 62.000 88,000 Net Income $93,000 $132,000 Questions 1. Do these ratios Current ratio Quick ratio Net working capital to total asset ratio Total debt to total assets ratio Current liability to total debt ratio Gross profit margin Operating profit margin Net profit margin Sales to total asset ratio Return on Asset ratio Return on Equity ratio