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he comparative financial statements prepared at December 31, 2019, for ABC Company showed the following summarized data: 2019 2018 Income Statement Sales Revenue $ 222,000

he comparative financial statements prepared at December 31, 2019, for ABC Company showed the following summarized data:

2019 2018
Income Statement
Sales Revenue $ 222,000 $ 185,000
Cost of Goods Sold 127,650 111,000
Gross Profit 94,350 74,000
Operating Expenses 39,600 33,730
Interest Expense 4,000 3,270
Income before Income Tax Expense 50,750 37,000
Income Tax Expense (30%) 15,225 11,100
Net Income $ 35,525 $ 25,900
Balance Sheet
Cash $ 40,000 $ 38,000
Accounts Receivable, Net 18,500 16,000
Inventory 25,000 22,000
Property and Equipment, Net 123,400 119,000
Total Assets $ 206,900 $ 195,000
Accounts Payable $ 27,000 $ 25,000
Income Tax Payable 3,500 2,800
Note Payable, Long-Term 75,500 92,200
Total Liabilities $ 106,000 $ 120,000
Contributed Capital (25,000 shares outstanding) 25,000 25,000
Retained Earnings 75,900 50,000
Total Liabilities and Shareholders Equity $ 206,900 $ 195,000

Compute the following Profitability Ratios for 2019...

(include one decimal place)

Earnings per Share = $ per share

Fixed-Assets Turnover Ratio = times

Gross Profit Percentage = %

Net Profit Margin = %

Price/Earnings Ratio = times (if the market price is $17/share)

Return on Equity (ROE) = %

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