LULU XCO Remaining Time: 2 hours, 41 minutes, 07 seconds. Support Question Completion Status: 11 120 13 14 15 Use the following IS and balance sheets for ABC to calculate the total debt to total assets ratio for the year 2006 ABC Income Statement Ending Dec. 31st $ 2006 Net Sales 2005 $1,800.000 1,080,000 -COGS 3.000.000 1 800.000 Gross Profit 1.200 000 300.000 500,000 - Marketing Expenses - General Administrative (GBA)Expenses Depreciation expense EBIT Interest 720.000 180,000 500,000 30,000 40,000 90,000 80,000 320.000 120.000 200.000 EBT - 130.000 -Taxes 0 50.000 150 000 Net Income - 130 000 0 Dividends Change in Retained Earnings 70,000 80,000 0 Clio Saue and Submit to save and submit. Click Save All Antonella Sere XC Support Remaining Time: 2 hours, 40 minutes, 55 seconds. Question Completion Status: 3 50 6 11 120 13 14 15 Balance Sheet Ending Dec. 318 (5) Left Hand Side of the B.S. Assets 2005 2006 Change Average Cash 100,000 40,000 560.000 Receivables 400.000 800,000 Inventories 1,000,000 1,600,000 1,300,000 1,080.000 Total Current Assets Gross Fixed Assets Less: Accumulated Depreciation Net Fred Assets Total Assets 900.000 200.000 280.000 800.000 700.000 2.000.000 2.400.000 320.000 Right Hand Side of the B.S. Liabilities and Equity Payables Accrued Wages Bank Loan Total Current Liabites 250 000 100,000 180,000 540.000 140.000 200.000 650.000 Click Save and submit to see and submit. Click Save All Arosa alla Save As Ane THCKboard Support Remaining Time: 2 hours, 40 minutes, 47 seconds. Quest Completion Status: 3 6 11 12 13 14 15 Total Assets 2,000,000 2.400,000 250.000 Right Hand Side of the B.S. Liabilities and Equity Payabies Accrued Wages Bank Loan Total Current Lates 100,000 320.000 140.000 200.000 180,000 540.000 360.000 800,000 300.000 Long-term Det Owner's Equity Common Stockpan 300.000 400.000 160.000 $2,000,000 300 000 450.000 240,000 52.400.000 Adonaid-in-capital Retained Earning Totals and equity DA 0213 3.0 906 CIO 591 0.0432 E 0115 Click Save and submit tonbet Cok Save AA Save acer