For questions 8. 9. 10 and 11 please use the financial statements for ABC Corp, in the cells to the right. 8. How has Working Capital changed between 2017 and 2018 a. Decreased b. Increased c. Stayed the same d. Cannot determine from the information given 9. What was Firm ABC's earnings per share (EPS) in 2018? There were 10,000 shares of Common Stock outstanding in 2018. a. $0.79 b. $2.48 c. $8.54 d. $10.68 10. What was ABC's Gross Margin in 2018? a. 560.622 b. $52,972 e. 71% d. 29% 11. What was ABC's Total Debt to Equity in 2017 and 2018? a. 150% and 175% b. 0.47x and 0.41x e. 1.3x and 1.2x d. 2.2x and 1.7x Income Statement For the Year ending Dec. 31, 2018 $ $ Sales COGS Gross Proit S, G&A Expense Depreciation EBIT Interest Expense Pre tax Income Income Taxes (21%) Net Income 85,432 24,810 60,622 6,600 1,050 52,972 11,211 41,761 16,926 24,835 $ Dividends Add to Retained Earnings $ $ 16,976 7,859 ABC Corp. Balance Sheet $ as of December 31, Assets 2017 2018 Current Assets Cash A/R Inventory Total Current 32, 121 8,854 23,578 64,553 32,856 11,500 27,876 72,232 Long term Assets P, P & E Patents 60,988 12,233 68,112 14,545 TOTAL ASSETS 137,774 154,889 Liabilities and Owners' Equity 2017 2018 Current Liabilities Accounts Payable Notes Payable Total Current 15,874 28,400 44,274 18,371 18,800 37.171 Long-Term Debt Total Liabilities 36,500 80.774 45,000 82,171 1,000 Owners' Equity Common Stock 1,000 (10,000 shares outstanding) Add. Paid in Capital 20.000 Retained Earnings 8,000 Total Owners' Equity 29,000 20,000 15,859 36,859 137,774 154,889 TOTAL LIABILITIES AND EQUITY OWNERS' EQUITY