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how would i solve this? 4.1 The Abercrombie Supply Company reported the following information for 2017. Prepare a common-size income statement for the year ended

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4.1 The Abercrombie Supply Company reported the following information for 2017. Prepare a common-size income statement for the year ended June 30, 2017. Abercrombie Supply Company Income Statement for the Fiscal Year Ended June 30, 2017 ($ thousands) Net sales $2,110,965 Cost of goods sold 1,459,455 Selling and administrative expenses 312,044 Nonrecurring expenses 27.215 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 312.251 Depreciation 112.178 Earnings before interest and taxes (EBIT) $ 200,073 Interest expense 117,587 Earnings before taxes (EBT) 82.486 Taxes (35%) 28.870 Net income $ 53,616 4.2 Prepare a common-size balance sheet from the following information for Abercrombie Supply Company Abercrombie Supply Company Balance Sheet as of June 30, 2017 (s thousands) Assets: Liabilities and Equity: Cash and marketable securities $ 396,494 Accounts payable Accounts receivable 708,275 Notes payable Inventory 1.152.398 Accrued income taxes Other current assets 42,115 Total current liabilities Total current assets $2.299,282 Long-term debt Net plant and equipment 1.978,455 Total liabilities Common stock Retained earnings Total common equity Total assets $4.277.737 Total liabilities and equity S 817.845 101.229 41.322 $ 960,396 1.149.520 $2,109.916 1,312,137 855,684 $2,167.821 $4.277.737 4.3 Using the 2017 data for the Abercrombie Supply Company, cal- culate the following liquidity ratios: a. Current ratio. b. Quick ratio. 4.4 Refer to the balance sheet and income statement for Abercrom- bie Supply Company for the year ended June 30, 2017. Calculate the following ratios: a. Inventory turnover. b. Days' sales outstanding. Gr Totat asset t over. d. Fixed asset hever. f. Debt-to-equity ratio

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