I just need question 2

% INCOME STATEMENT Salve Revenue AMOUNT $45,623 100% Question 2: Ratio: Please use the financial statement above to analyze a company financial position Current Ratio = total current asset/total current liability Operating Expenses : Salaries Rent Utilities Depreciation Advertising Office supplies Other expenses Net Income $11,256 24.7% 10,009 21.9% 2,250 4.9% 5,000 11.0% 7,000 15.3% 3,000 6.6% 3,0126.6% $4,0969.0% Debt ratio = total liability/totally assets Working Capital = total current asset - total liability Account receivable = sale revenue / account receivable 2020 2019 DIFFERENCE % CHANGED 12% 9% Blue color -financial data from balance CURRENT ASSETS: Cash Account Receivable Inventory Prepaid Expenses Total Current Assets $100,000 70,000 100,000 10,000 $ 280,000 $89,000 $11,000 64,000 $6,000 112,000 $12,000 10,000 $275,000 $5,000 11% Yellow color-financial data from income statement 0% 2% NON-CURRENT ASSETS: Equipment and Plan Total Non-current Assets 245,000 245,000 198,000 $47,000 198,000 $47,000 24% 24% Total Current and Non-Current Assets 525,000 473,000 $52,000 11% CURRENT LIABILITY: Account Payable Note payable Total Current Liability 90,000 63,000 153,000 85,000 $5,000 68,000 $5,000 153,000 6% 7% 0% 0.00 NON-CURRENT LIABILITY: Mortgage payable Total long-term liability Stockholder equity Total Liability and Stockholder equity 0.00 70,000 $70,000 70,000 $70,000 250,000 $122,000 473,000 $122,000 100% 100% 49% 30% 372,000 525,000