Payroll Fundamental

The following data is extracted from the financial statements prepared by "ABC" Company for the year 2019. Income Statement Sales 500000 Cost of Sales 300000 Gross Profit 200000 Operating expense 80000 EBIT (Operating profit) 120000 Interest expense 10000 EBT 1 10000 Taxes 30000 Net Income 80000 Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash 60000 Accounts Payable 45000 Accounts Receivable 40000 Notes payable 25000 Inventory 80000 Taxes payable 30000 Supplies 20000 Total Current Liab 100000 Total Current Assets 200000 Long-term Liab Fixed Assets Long-term loan 60000 Equipment 140000 Total Liabilities 160000 Equity/Capital ABC Co. Equity 180000 Total Assets 340000 Total Liab & Equity 340000 Required: i) Liquidity Ratios (6 points) a. Current ratios b. Quick ratio ii) Efficiency Ratios (9 points) a. Inventory turnover b. Receivable turnover c. Asset turnover iii) Profitability Ratios (9 points) a. Gross profit margin b. Operating profit margin c. Net profit margin iv) Leverage Ratios (6 points) a. Debt to Equity ratio b. Interest Coverage ratio