From the given financial statements calculate and choose the correct: Operating Ratio 53.4% 66.9% 33.5% 48.4% INCOME STATEMENT \begin{tabular}{|l|r|r|} \hline Particulars & & Amount \\ \hline Income & & 56,897,573 \\ \hline Revenue & 56,875,221 & \\ \hline Interest Earned & 22,352 & \\ \hline & & \\ \hline Expenses & & \\ \hline Cost of Sales: & & 32,775,264 \\ \hline Cost of Goods Sold & 32,733,149 & \\ \hline Utilities Expense & 42,115 & \\ \hline & & \\ \hline Gross Profit: & & \\ \hline Operating Expenses: & & 13,345,676 \\ \hline Salaries Expense & 3,255,449 & \\ \hline Rent Expense & 956,224 & \\ \hline Depreciation Expense: Equipment & 321,588 & \\ \hline Depreciation Expense: Building & 459,887 & \\ \hline Bad Debt Expense & 896,338 & \\ \hline Insurance Expense & 1,100,365 & \\ \hline Interest Expense & & \\ \hline Income Tax Expense & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Income Tax Expense & 4,800,525 & \\ \hline & & \\ \hline Operating Profit: & & 18,397,451 \\ \hline Profit: & & 10,776,633 \\ \hline \end{tabular} BALANCE SHEET \begin{tabular}{|l|r|r|} \hline Particulars & & Amount \\ \hline Assets & & \\ \hline Current Assets: & & 21,322,431 \\ \hline Cash & 2,690,644 & \\ \hline Accounts Receivable & 5,890,887 & \\ \hline Inventory & 12,595,645 & \\ \hline Prepaid Insurance & 145,255 & \\ \hline & & \\ \hline Non Current Assets: & & 29,715,924 \\ \hline Equipment & 15,799,800 & \\ \hline Accumulated Depreciation: Equipment & 3,244,001 & \\ \hline Building & 18,560,325 & \\ \hline Accumulated Depreciation: Building & 5,655,225 & \\ \hline Land & 4,255,025 & \\ \hline &, & \\ \hline Total Assets: & & 51,038,355 \\ \hline Liabilities & & \\ \hline & & \\ \hline \end{tabular} nd choos