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Part 2 of this question please part a-m The Final Stop STATEMENT OF INCOME For the Year Ended November 30, 2019 Revenue: Sales Total Revenue

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Part 2 of this question please part a-m

The "Final" Stop STATEMENT OF INCOME For the Year Ended November 30, 2019 Revenue: Sales Total Revenue $ 145 145 Cost of Goods Sold: Gross Profit: -54 91 Expenses and Losses: Salaries Depreciation Advertising Interest Miscellaneous 15 11 10 8 3 47 Net Income 44 The "Final" Stop STATEMENT OF FINANCIAL POSITION November 30, 2019, and November 30, 2018 30-Nov-19 30-Nov-18 $ ASSETS: CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID ADVERTISING EXPENSE AVAILABLE-FOR-SALE (long-term) INVESTMENTS PLANT ASSETS ACCUMULATED DEPRECIATION TOTAL ASSETS 87 $ 9 15 14 48 40 -22 94 11 12 10 55 30 -11 $ 191 $ 201 4 10 3 8 LIABILITIES AND EQUITY ACCOUNTS PAYABLE ACCRUED SALARIES PAYABLE INTEREST PAYABLE DIVIDENDS PAYABLE BONDS PAYABLE COMMON STOCK($ 2 Par per share) RETAINED EARNINGS TOTAL LIABILITIES AND EQUITY 2 8 82 40 46 3 2 70 40 74 $ 191 $ 201 Additional information: Market value of a share of Company's common stock was $33 as of November 30, 2019 Instructions: 1. Prepare a statement of Cash Flows-using the indirect method for operating activities to present the operating activities. 2 Prepare the following ratios (for the most recent year). a. Current ratio b. Quick ratio c. Current cash debt coverage d. Accounts Receivable turnover e. Inventory turnover f. Return on assets g. Return on Common Stockholders' Equity h. Earnings per Share i. Price earnings ratio j. Payout ratio k. Debt to total assets ratio 1. Times-interest earned m. Tell me about the financial leverage of The Testing Co.--BE SPECIFIC

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