Only need help with requirement 3

The adjusted tral balance for Tybalt Construction as of December 31, 2017, follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2017 un t Titl Debit 6,500 22,500 9,200 7,500 50,000 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accum lated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 25,000 156,000 52,000 73,760 16,500 2,400 3,400 2,200 1,500 7,800 70,500 132,700 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned prfessional fee 251 Long-term notes payable 201 o. Tybalt, Capital 302 o. Tybalt, Withdrawals 12,300 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 intere t earned 606 Depreciation expense-Building 103,000 16,000 2, 600 2,500 612 Depreciation expense-Equipment 23 Wages expense 623 Interest expense 637 Insurance expense 640 Rent expense 652 3uppiies expense 682 Postage expense 83 Property baxes expense 684 Repairs expense 688 Telephone expense 11,440 7,500 30,000 3, 800 9,900 13,000 S,000 2,300 , ooo 7,400 2, 300 . 7 Saved 637 Insurance expense 640 Rent expense 652 3upplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 680 Telephone expense 690 Utilities expense 9,900 13,000 5,000 2,300 4,000 7,400 2,300 3,700 Total: $438,100 $438,100 O. Tybalt Invested $6,500 cash in the business during year 201f(the December 31, 2016, credit balance of the O. Tybalt, Cap account was $126,200) Tybalt Construction is required to make'a $7000 payment on its long-term notes payable during 2018 Required 1a. Prepare the income statement for the calendar-year 2017. 1b. Prepare the statement of owner's equity for the calendar-year 2017 1c. Prepare the classified balance sheet at December 31, 2017 2. Prepare the necessary closing entries at December 31, 2017 3. Use the Information in the financial statements to compute the following ratios Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 2 Required 3 Use the information in the financial statements to compute the followng ratiosi Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 2 Required 3 Use the information in the financial statements to compute the following ratios: (a) Return on assets (total assets at December 31, 2016, was $200,000) Numerator Denominator Return on total assets Returp on total assets 0 (b) Debt ratio Numerator: Denominator Debt ratio Debt ratio 0 (c) Profit margin ratio (use total revenues as the denominator) Numerator Denominator: Profit margin Profit margin 01% (d) Current ratio Numerator Denominator Current ratio Current ratio 0