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Income Statement Data Quarter 1 (in 000s) Sales Revenues $50,000 Operating Profit 14,400 Net Income $9,555 Balance Sheet Data Total Current Assets $75,000 Total Assets

Income Statement Data

Quarter 1

(in 000s)

Sales Revenues

$50,000

Operating Profit

14,400

Net Income

$9,555

Balance Sheet Data

Total Current Assets

$75,000

Total Assets

140,000

Total Current Liabilities

27,000

L-T Debt (draw against credit line)

23,000

Total Equity

90,000

Other Financial Data

Depreciation

$4,000

Dividend payments

$2,250

Based on the above figures, the company

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