Evaluate the financial statements for 2018 and compute the financial ratios applicable to the available information.

Please follow the sequence of presenting your answers with the formula:

Liquidity ratios

Profitability ratios

Asset utilization ratios

Income Statement \begin{tabular}{lrr} Sales & 2,000,000.00 \\ Cost of goods sold & 1,500,000.00 \\ \cline { 2 } Gross Profit & 500,000.00 \\ Selling and administrative expense & 279,500.00 \\ Depreciation expense & 50,000.00 \\ Operating profit (EBIT) & 170,500.00 \\ Interest expense & 20,000.00 \\ \cline { 2 } Earnings before taxes (EBT) & 150,500.00 \\ Taxes & 40,000.00 \\ Earnings after taxes (EAT) & 110,500.00 \\ Preferred stock dividends & 10,500.00 \\ \cline { 2 } Earnings available to common stockhodlers & 100,000.00 \\ \hline Common shares outstanding & 100,000 \\ Earnings per share & 1.00 \end{tabular} $50,000 in dividends will be paid out to the common stockholders Payment to preferred stockholders 10,500 dividends Income Statement \begin{tabular}{lrr} Sales & 2,000,000.00 \\ Cost of goods sold & 1,500,000.00 \\ \cline { 2 } Gross Profit & 500,000.00 \\ Selling and administrative expense & 279,500.00 \\ Depreciation expense & 50,000.00 \\ Operating profit (EBIT) & 170,500.00 \\ Interest expense & 20,000.00 \\ \cline { 2 } Earnings before taxes (EBT) & 150,500.00 \\ Taxes & 40,000.00 \\ Earnings after taxes (EAT) & 110,500.00 \\ Preferred stock dividends & 10,500.00 \\ \cline { 2 } Earnings available to common stockhodlers & 100,000.00 \\ \hline Common shares outstanding & 100,000 \\ Earnings per share & 1.00 \end{tabular} $50,000 in dividends will be paid out to the common stockholders Payment to preferred stockholders 10,500 dividends