ORANGE CO Balance Sheet 31/12/2021 Assets Cash Amount 11,00 Accounts receivables (A/R) Inventories Total current assets 17,050 41.000 69,150 Gross fixed assets 200,000 Less: Accumulated depreciation 65,000 Net fixed assets 135,000 Total assets 204,150 Liabilities and Stockholders' Equity Accounts payable (A/P) 28,500 Notes payable 9.000 Total current liabilities 37,500 Long term debts 75,000 Common stock Retained earnings 50,000 41,650 91,650 204.150 Total stock holders' equity Total liabilities and stockholders' equity A- Calculate and evaluate the following ratios against the industry ratios: Ratio 1. Quick ratio 2. Inventory turnover ratio. 3. Debt-equity ratio. 4. Times interest earned. 5. ROA 6. ROE Industry ratio 1.2 5.2 times 0.5 6 times 10.8% 18% ORANGE CO Balance Sheet 31/12/2021 Assets Cash Amount 11,00 Accounts receivables (A/R) Inventories Total current assets 17,050 41.000 69,150 Gross fixed assets 200,000 Less: Accumulated depreciation 65,000 Net fixed assets 135,000 Total assets 204,150 Liabilities and Stockholders' Equity Accounts payable (A/P) 28,500 Notes payable 9.000 Total current liabilities 37,500 Long term debts 75,000 Common stock Retained earnings 50,000 41,650 91,650 204.150 Total stock holders' equity Total liabilities and stockholders' equity A- Calculate and evaluate the following ratios against the industry ratios: Ratio 1. Quick ratio 2. Inventory turnover ratio. 3. Debt-equity ratio. 4. Times interest earned. 5. ROA 6. ROE Industry ratio 1.2 5.2 times 0.5 6 times 10.8% 18% Question 5: (6 marks) Following are the Income Statement and Balance year of ORANGE Company for the year 2021: ORANGE CO Income Statement for the year Ending 31/12/2021 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses EBIT Less: Interest expenses Taxable Income Less: Taxes Net Income 300,000 230,000 70,000 30,000 40,000 5.000 35,000 13.200 21.800