I tills company. 3.16 pts). Based on information and results on above question 2, evaluate Trevor's financial position. (Memo) Industrial averages: current ratio 1.80; acid-test ratio 0.70: Average collection period 37; Inventory turnover 2.50; debt ratio 80%; times interest earned 3.80; operating profit margin 10%; ROE 9.5%; ROA 11.4%. 2. 18 pts. Trevor's company accounts' information for 2019 is as follows: near-cash is $500, the amount of money that customers currently owe to the company for goods that were purchased on credit is $16,200. Inventories are worth $40,000, ac- cumulated depreciation is 15% of total fixed assets. The firm also has reported the holding of a treasury bond with maturity of 6 months with value of 2008. Accounts payable and short-term bank notes are $69.000. Lands, buildings and equipment were valued $126,000. 12-Year Debt is $22.950, common stock is $26,000 and re- tained earnings is $26,498. Gross profit is $64,000. Fixed cash operating expenses, variable operating expenses and depreciation are $21,000, $16,000 and $15,000 re- spectively. Interest expenses are $6,000 and tax percentage is 50%. Additionally, regarding stock, the paid in capital in excess of par is $19,152. On the other hand. the cost of goods sold is a third as much as sales. Finally, the preferred stock dividend rate is 2% for a face-value stock value of 400$. (a) Construct the balance sheet statement for this company. (b) Construct the income statement for this company. (c) Construct the retained earning statement for this company. 3. (6 pts). Based on information and results on above question 2, evaluate Trevor's financial position. (Memo) Industrial averages: current ratio 1.80; acid-test ratio 0.70; Average collection period 37; Inventory turnover 2.50; debt ratio 80%; times interest earned 3.80; operating profit margin 10%; ROE 9.5%: ROA 11.4%