My question is P12-8A

Interest and income taxes 4,000 411,000 $585.000 income tax expense (30%).. 2 ? S 82.000 160,000 75,000 200,000 68.000 585,000 80,000 $580.000 $3,300,000), 16 percent. 2019 5678,000 433,920 244,080 149,200 94,880 16,000 78,880 21.300 57.580 Hint: Complete the income statement first. Corporation, a paper manufacturer, you decide to analyze the firm's performance for the most recent year. The following data are taken from the firm's latest annual report: 60,500 Income before income taxes The following information is available about Omicron Company's financial statements: 2. Inventory turnover (inventory at January 1 was $924.000), 5 times. 4. Accounts receivable turnover (accounts receivable (net) at January 1 were $860,000), 8 times. 5. Gross profit percentage, 32 percent. 6. Return on common stockholders' equity (common stockholders' equity at January 1 was 7. The interest expense relates to the bonds payable that were outstanding all year. Compute the missing amounts, and complete the financial statements of Omicron Company. p12-84. Ratios Compared with Industry Averages Because you own the common stock of Phantom L04 Return on common stockholders' equity Net income 1. Quick ratio, 0.95. 3. Profit margin, 8.0 percent Required 6,750 Quick assets Dec. 31, 2019 Inventory and prepaid expenses $ 700,000 $ 552.000 Other assets 372.000 312,000 4,788,000 4,200,000 low-to- Total Assets $5,860,000 $5,064,000 entory Current liabilities s-inter- $ 724,000 $ 564,000 10% Bonds payable 1,440,000 1,440,000 ). and 8% Preferred stock, $100 par value. 480,000 480,000 2000 at Common stock, $10 par value 2,700,000 2.160,000 516,000 420.000 Retained earnings $5,860,000 $5,084,000 Total Liabilities and Stockholders' Equity ats for For 2020, net sales amount to $11,280,000, net income is $575,000, and preferred stock dividends paid are $42,000. Required a. Calculate the following ratios for 2020: I. Profit margin ? 2. Return on assets ? 2 3. 00 4. Quick ratio 5. Current ratio 20 6. Debt-to-equity ratio Dec. 31, 2020