Exhibit 4-1 Given the following information for Blue Bell Company for last year: Net sales (all on account) $5,200,000 Cost of goods sold 2,080,000 Interest expense 240,000 Income tax expense 280,000 Net income 420,000 Income tax rate 40% Total assets: January 1 $1,800,000 December 31 2,400,000 Sharcholders' equity (all common); January 1 1,500,000 December 31 1,600,000 Current assets, December 31 700,000 Quick assets, December 31 400,000 Current liabilities, December 31 Current liabilities, December 31 300,000 Net accounts receivable: January 1 200,000 December 31 180,000 Inventory: January 1 210,000 December 31 250,000 Question 26 Refer to Exhibit 4-1. Blue Bell's debt to assets ratio December 31 was 16.7% 2.2 times O 33.3% 26.0 times 26.2% 27.4 times 42.8% 28.9 times Question 27 Refer to Exhibit 4-1. Blue Bell's debt to equity ratio December 31 was O 1.33 2.2 times O 0.50 26.0 times 0.35 27.4 times 0.20 28.9 times Question 28 Refer to Exhibit 4-1. Blue Bell's inventory turnover for the year was O 9.0 times O 8.3 times 12.0% O 11.1% Question 24 Refer to Exhibit 4-1. Blue Bell's quick ratio at December 31 was O 3.67 times 0 2.33 times 1.33 times O 0.43 times Question 25 Refer to Exhibit 4-1. Blue Bell's return on common equity for the year was 26.3% O 27.1% O 36,4% 42.8%