Pharoah Company Income Statement For the Year Ended December 31, 2027 Net sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense Net income $2,234,400 1,030,500 920,400 96,100 70,590 $116,810 Pharoah Company Balance Sheet December 31, 2027 Assets Current assets Cash $87,986 Pharoah Company Balance Sheet December 31, 2027 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets $87,986 85,590 182,600 155,000511,176593,400$1,104,576 Liabilities and Stockholders' Equity Current liabilities Accounts payable $175,900 Income taxes payable 37,090 Question 7 of 7 Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $175,900 37,090 212,990 212,800 425,790 368,100 310,686678,786$1,104,576 (a) Your answer is partially correct. Compute the following values and ratios for 2027. (We provide the results from 2026 for comparative purposes.) (Round Current Ratio to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9\%.) 1. Working capital. (2026:$160,500)$ 2. Current ratio. (2026: 1.65:1) 3. Debt to assets ratio. (2026: 31.0%) :1 % eTextbook and Media Assistance Used