MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant and equipment S 50,000 70,000 110,000 220,000 450,000 Total assets S LIABILITIES AND STOCKHOLDERS EQUITY Accounts payable Accrued expenses Long-term debt Common stock Paid-in capital Retained earings Total liabilities and stockholders' equity MEGAFRAME COMPUTER COMPANY Income Statement For the year ended December 31 Sales (all on credit) $ Cost of goods sold Gross profit Sales and administrative senses 70,000 50,000 130,000 70,000 40,000 90,000 450,000 s 875,000 600,000 275.000 70,000 40,000 90,000 450,000 Common stock Paid-in capital Retained eamings Total liabilities and stockholders' equity MEGAFRAME COMPUTER COMPANY Income Statement For the year ended December 31 Sales (all on credit) $ Cost of goods sold Gross profit Sales and administrative expenses Depreciation Operating profit 875,000 600,000 275,000 30,000 S Interest expense Profit before taxes Taxes (30) Net income $ 55,000 190,000 25,000 165,000 49,500 115,500 S Calculate the following ratios: 1. Debt Ratio 2. Total Asset Turnover 3. Average Collection Period 4. Price to Earnings ratio if the Market Price is 5110 USD today and number of shares issues are 500.000 5. Operating Return on Assets For the toolbar, press ALT-510 (PC) O ALT+FN+F10 (Mac) BI U Paragraph Arial 14px