Precision Tools 2019 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net Income $36,408 28,225 1,760 6,423 510 5,913 2,070 $3.843 Precision Tools 2018 and 2019 Balance Sheets 2018 2019 2018 2019 $ $ 7,250 8,384 9,800 11,500 2,060 3,411 1,003 4,218 Accounts payable Long-term debt Cash Accounts receivable Inventory 18,776 21,908 24,247 27,129 14,160 14,080 38,407 41.209 Net fixed assets Total assets Common stock Retained earnings Total liability & equity 15,000 17,500 6.357 3,825 38.407 41.209 What is the net working capital to total assets ratio for 2019? w many dollars of sales are being generated from every dollar or me assets? (Use 2019 values). (Use data in the question 1). A. $0.88 B. $1.87 C. $2.33 D. $2.59 E. $3.09 6. What is the return on equity for 2019? (Use data in the question 1). A. 15.29 percent B. 16.46 percent C. 17.38 percent D. 18.02 percent E. 18.12 percent 8. How does accounts receivable affect the statement of cash flows for 2019? (Use data in the question 1). A. a use of $4,218 of cash as an investment activity B. a source of $807 of cash as an operating activity C. a use of $4,218 of cash as a financing activity D. a source of $807 of cash as an investment activity E. a use of $807 of cash as an operating activity