For question'one through six use the following financial statements and information: Balance Sheet (millions) 9 Accts Payable 35 Cash- Accts Rec 47 1 Notes Payable (longer than 1 year) 4 ces os Inventory 32 Long term debt 2.8 Fixed Assets 4.85 Equity .SS Total Assets 6.54 eed nguurglionc.ou Income Statement Net Sales , 125, 100 he Cost of Sales Gross Profit Selling general and administrative R & D ou,coo Depreciation qa.ooo Operating Income 1qo,c60 Other Income Int. Exp, ie ono Pretax income Taxes yy.c0O Net Income Sales 2,300,000 pieces@ 7.50 each Depreciation 99,000.00 Operating margin.062 No other income Int expense 315,000.00 Taxes 28% Payout ratio 34%