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Please complete the yellow highlighted parts. Please show the formulas if the number or figures are not provided in the problem. Powerful Tools Inc. Powerful

Please complete the yellow highlighted parts. Please show the formulas if the number or figures are not provided in the problem.
Powerful Tools Inc. Powerful Tools Inc.
Income Statement Balance Sheet
For the Year Ended December 31, 2022 As of December 31, 2022
2022 2022
Sales Ratio Assets
Cost of Goods Sold Formula Cash 70,000
Gross Profit Ratio Accounts Receivable 50,000
Operating Expenses Formula Inventories Ratio
Earnings Before Interest and Taxes Ratio Total Current Assets Formula
Interest Expense Formula Gross Fixed Assets 1,000,000
Earnings Before Taxes Formula Accumulated Depreciation Formula
Taxes Formula Net Fixed Assets Formula
Net Income 50,000 Total Assets Ratio
Liabilities and Owner's Equity
Notes: Tax Rate 40% Accounts Payable 20,000
Short-term Bank Notes Formula
Ratio Value Total Current Liabilities Formula
Inventory Turnover 5.00x Long-term Debt Ratio
Net Profit Margin 7% Total Liabilities Ratio
Total debt ratio 60.00% Common Equity Formula
Gross Profit Margin 30.00% Total Liabilities and Owner's Equity Formula
Operating Profit Margin 15.00%
Return on Total Assets 5.00%
Long-Term Debt Ratio 50.00%
1. Please use the logics behind ratios to obtain possible dollar values for the applicable account.
2. Follow through the logics one by one.

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