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kpl - Adobe Acrobat Reader DC ACCTS01 OCT 202. * 4/5 100% ABC Manufacturing Company Income Statement for the year ended 31 March 2019 129,000 77.400 51,600 2018 163,000 97.800 65,200 Sales Cost of goods sold Gross profit Expenses: Administrative Operating Depreciation Total expenses Earnings before interest & tax Interest Famings before taxes 21.750 12.900 4.700 39,350 12.250 3.500 8.750 4.200 4.550 21.750 16,300 10.000 48,050 17.150 6.250 10.900 5.232 5.668 Tax Net Income Required Based on the financial statements for ABC Manufacturing compute the following ratios Industry Actual Average 2019 1.84 66 Average collection period Actual 2018 17 days II e kpl - Adobe Acrobat Reader DC ACCTS01 OCT 202. * 4/5 100% ABC Manufacturing Company Income Statement for the year ended 31 March 2019 129,000 77.400 51,600 2018 163,000 97.800 65,200 Sales Cost of goods sold Gross profit Expenses: Administrative Operating Depreciation Total expenses Earnings before interest & tax Interest Famings before taxes 21.750 12.900 4.700 39,350 12.250 3.500 8.750 4.200 4.550 21.750 16,300 10.000 48,050 17.150 6.250 10.900 5.232 5.668 Tax Net Income Required Based on the financial statements for ABC Manufacturing compute the following ratios Industry Actual Average 2019 1.84 66 Average collection period Actual 2018 17 days II e