Income Statement For the Year Ended Dec. 31, 2021 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Operating income (EBIT) Interest expense Earnings before taxes Income tax expense Net income (earnings after tax) 570,000 300,000 270,000 180,000 $26,000 64,000 20,000 44,000 15,000 29,000 Balance sheets Dec. 31, 2021 and 2020 Cash Short-term investments Accounts receivable Inventory Prepaid expenses Buildings (net) Equipment (net) Total assets 2021 2020 14,000 12,000 38,000 40,000 26,000 20,000 59,000 59,000 16,000 10,000 600,000 620,000 96,000 109,000 849,000 870,000 Accounts payable Wages payable Bonds payable Common stock Retained earnings Total liabilities & equity 39,000 19,000 2,000 4,000 350,000 410,000 200,000 200,000 258,000 237,000 849,000 870,000 The company paid a dividend in 2021 of $8,000 and $6,000 in 2020. All Required: B. Calculate the quick ratio at the end of 2021. D. Calculate average age of accounts receivable during 2021. E. Calculate the inventory turnover during 2021. F. Calculate the average age of accounts payable during 2021. G. Calculate the accounts receivable turnover during 2021. H. Calculate the pre-tax profit margin for 2021. I. Calculate the cash conversion cycle, in days during 2021. J. Calculate the debt/equity ratio at the end of 2021. K. Calculate the debt ratio at the end of 2021. L. Calculate the times interest earned ratio for 2021. M. Calculate the dividend payout ratio for 2021. N. Calculate the gross profit margin for 2021. 0. Calculate the operating profit margin for 2021. P. Calculate the net profit margin for 2021. Q. Calculate the return on assets (ROA) for 2021. R. Calculate the total asset turnover during 2021. S. Calculate the return on equity (ROE) for 2021