MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets S 50,000 70,000 110,000 220,000 450,000 70,000 50,000 130,000 70,000 40,000 90,000 450,000 LIABILITIES AND STOCKHOLDERS EQUITY Accounts payable Accrued expenses Long-term debt Common stock Paid-in capital Retained earnings 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 S Interest expense Profit before taxes Taxes (30%) Net income S $ 875,000 600,000 275,000 30,000 55,000 190,000 25,000 165,000 49,500 115.500 $ Calculate the following ratios: MacBook Air ST DOD goa 80 F3 F2 F4 F6 0/ Remaining Time: 1 hour, 49 minutes, 56 seconds. Question Completion Status: 30,000 130,000 70,000 40,000 90,000 450,000 Accred expenses Long-term debt Common stock Paid-in capital Retninod carings Total liabilities and S 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 S Interest expense Profit before taxes $ Taxes (30%) Net income s 875,000 600,000 275.000 30,000 55,000 190,000 25.000 165,000 49,500 115,500 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 $110 USD today and number of shares issues are 500,000. 5. Operating Return on Assets TTT Arla # 3 (12pt) #T. MacBook Air