October 31, 2024 Assets Current Assets Cash $27.065 Accounts receivable 2,730 Inventory 15,034 Prepaid Rent 5292 $50.121 Property, Plant, and Equipment Equipment $83,748 Accumulated depreciationequipment (8.274) 75474 Total assets $125.595 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $4.861 Income tax payable 15,540 Dividends payable 588 Salaries and wages payable 1890 Interest payable 210 Note payablecurrent portion 3,360 526449 Long-term Liabilities Note payablelong-term portion 5.040 Total lizbilities 31489 Stockholders' Equity Paid-in capital Preferred stock. 2,352 shares issued and outstanding $11.760 Common stock, 21,782 shares issued, 21,152 outstanding 21,782 33542 Retained earnings 60,984 Total paid-in capital and retained earnings 94,526 Less: Treasury stockcommon (630 shares), at cost (420) Total stockholders' equity 94,106 Total liabilities and stockholders' equity $125,595 COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2024 Netsales $388,500 Cost of goods sold 194,250 Gross profit 194,250 Operating expenses Salaries and wages expense $77.700 Depreciation expense 8.274 Other operating expenses 30,114 116,088 Income from operations 78,162 Other expenses Interest expense 462 Income before income tax 77,700 Income tax expense 15540 Netincome $62,160 Additional information: Natalie and Curtis are thinking about borrowing an additional 520,000 to buy more equipment. The loan weuld be repaid over a 4- year period. The terms of the loan provide for equal semiannual installment payments of $2,500 on May 1 and November 1 of each year, plus interest of 5% on the outstanding balance. Dividends on preferred stock were $1.400. Since this is the first year of operations and the beginning balances are zero, use the ending balance as the average balance where appropriate. Calculate the following ratios. (Round time interest earned to O decimal places and all answers to 1 decimal place, e.g. 2.2 or 2.2%.) 1. Current ratio 1.9 :1 2. Accounts receivable turnover times 3. Inventory turnover times 4. Debt to assets % 5. Times interest earned times 6. Gross profit rate % 7. Profit margin % 8. Asset turnover times 9. Return on assets % 10. Return on common stockholders' equity %