Instructions: Use the data provided from the unordered balance sheet and income statements of a hypothetical company, Marbella Design Enterprises, to compute answers in the gray-shaded cells for parts A,B, and C. Part A. Balance Sheet Calculate the following Cash a $ 30,350 Current Assets $ 210,750 Accounts payable 28,500 Net Fixed Assets $ (20,300) Fixtures and furnishings a 85,000 Total Assets $ 190,450 Notes payable L 15,000 Current liabilities $ 36,000 Retained Earnings E 64,450 Long-term $ 40,000 Accounts Receivable a 24,050 Total Liabilities (L) $ 76,400 Inventory a 15,600 Owner's Equity (OE) $ 114,450 Equipment a 42,750 Total of Land OE S 190,850 Accumulated depreciation on fixed assets 20,300 Common shares (50,000 @$1) E 50,000 Do assets liabilites + equity? Long-term debt L 25,000 19,450= 76,400 + 114,450 Marketable securities a 13,000 Income Tax Payable 7,500 Part B. Income Statement Calcuate the following Rent 16,000 Gross profit Salaries 24,500 Operating profit Cost of Goods Sold 99,000 Utilities 9,000 (or net profit before taxes) net-profit Office supplies 4,500 Sales 196,000 Advertising 3,700 Interest payments 4,000 Taxes 12,720 Part C. Using data from parts A and B, including derived data in gray cells, calculate the following financial ratios current ratio acid-test (quick) ratio inventory turnover (assume beg. inv. balance of $15,000) return on equity debt-to-equity ratio earnings per share