Income Statement Sales 733,992 Cost of Goods sold 506,244 Depreciation 64,440 EBIT 163,308 Interest Paid 28,600 Taxable Income 134,708 Taxes 35% 47,148 Net Income 87,560 Dividends 40,000 Addition to Retained Earnings 47,560 |+| From the following financials prepare the ratios listed below: Balance Sheet as 31St December 2019 Current Assets Current Liabilities Cash 48,510 Accounts Payable 54,840 Accounts Receivables 30,470 Notes Payable 21,600 Inventory 54,310 Others 31,106 Total 133,290 Total 107,546 Fixed Assets Long Term Debt 190,000 Plant & Equipment 731,468 Owner's Equity 80,000 Retained Earnings 487,212 Total 567,212 Total Assets 864,758 Total Liabilities + OE 864,758