Income Statement ($000's) Revenue COGS Gross Profit Operating Expense Operating Profit Taxes $480,000 ($336,000) $144,000 ($72,000) $72,000 ($18,000) $54,000 Net Income Assets ($000's) Day 1 Day 365 Liabilities and Equity ($000's) Day 1 Day 365 Cash Accounts Receivable Inventory $25,000 $0 $69,500 $60,000 $35,000 Liabilities Accounts Payable Accrued taxes Bonds $0 $0 $0 $0 $56,000 $4,500 $30,000 $0 $20,000 Capital Investment (PPE) Depreciation $0 ($15,000) Owner's Equity Owners Paid-In Capital Retained Earnings $25,000 $0 $25,000 $54,000 Total Assets $25,000 $169,500 Total Liabilities and Equity $25,000 $169,500 QUESTIONS: 1. What are the five profit ratios (Gross Profit Margin, Operating Profit Margin, Net Profit Margin/Net Income, ROA and ROE)? la. What are the two leverage ratios (Debt-to-equity and Assets-to-Equity)? 1b. What are the two liquidity ratios (Current Ratio and Quick Ratio)? 10. What are the three efficiency ratios (Inventory Days, Receivable Days, Payable Days)