Income tax expense ........... Net income............ From the statement of cash flows: Net cash provided by operating activities (including interest paid of $72,000) ........... Net cash used in investing activities............ Financing activities: Amounts borrowed ........... $ 56,00 Repayment of amounts borrowed ........... Dividends paid ........... Net cash provided by financing activities............ Net increase in cash during the year ........... Instructions a. Explain how the interest expense shown in the income statement could interest payment appearing in the statement of cash flows is only $72,00 b. Compute the following (round to one decimal place): 1. Current ratio 2. Quick ratio 3. Working capital 4. Debt ratio c. Comment on these measurements and evaluate Hamilton's short-term d. Compute the following ratios (assume that the year-end amounts stockholders' equity also represent the average amounts throughout 1. Return on assets 2. Return on equity e. Comment on the company's performance under these measurement on assets and return on equity are so different. f. Discuss (1) the apparent safety of long-term creditors' claims and ton Stores continuing its dividend payments at the present level. Rochester Corporation is engaged primarily in the business of umbrellas. Shown below are selected information from a recent annual stated in thousands.)