Please show your calculation process

2) Treat "Mortgage" shown in Figure C-1 on page 349 in the textbook as a long-term liability.

	1999	2000	2001
Current ratio	a)	b)	c)
Debt/worth ratio	d)	e)	f)
Gross margin ratio	g)	h)	i)
Net Profit margin ratio	j)	k)	l)

Cash Accounts receivable Inventory Total current assets 1999 $ 22,000 90,000 105,000 $217,000 2000 $ 14,000 100,000 180,000 $294,000 2001 $ 12,000 130,000 300,000 $442,000 24,000 54,000 1,500 $296,500 Land and building Equipment Other asset Total assets Notes payable, bank Accounts payable Accruals Total current liabilities 40,000 59,000 800 $393,800 $ 39,000 90,000 22,300 $151,300 70,000 77,000 100 $589,100 $ 98,000 185,000 31,600 $314,600 $ 60,000 18,000 $ 78,000 Mortgage 17,000 16,000 Common stock 75,000 75,000 Paid-in surplus 60,000 60,000 Retained earnings 66,500 91,500 Total liability and equity $296,500 $393,800 Proaero follows a December 1 to November 30 fiscal year. Figure C-1. Balance Sheet for Proacro Interiors, Inc. 15,000 75,000 60,000 124,500 $589,100 PROAERO INTERIORS, INC. Income Statement in thousands) November 30, 2001 Income Cost of goods sold Gross profit General and selling expenses Depreciation Interest Other Income before taxes Taxes (34%) Net income 1999 $975 794 $181 75 8 8 15 $ 75 26 $ 49 2000 $1,013 815 $ 198 80 9 8 20 81 27 $ 54 2001 $1,020 824 $ 197 83 13 9 24 $ 67 23 $ 44 $