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Product 1 sells for $62,000 and product 2 sells for $78,000. Calculate the below: Quick Ratio: .3899 Cash Ratio: .1496 Total asset turnover: 2.014 Inventory

Product 1 sells for $62,000 and product 2 sells for $78,000. image text in transcribed

image text in transcribedCalculate the below:

Quick Ratio: .3899

Cash Ratio: .1496

Total asset turnover: 2.014

Inventory turnover: 27.33

Receivables Turnover: 54.914

Debt-to-equity ratio: .7476

Equity multiplier: . 1.747

Times interest earned: 6.365

Cash coverage: 9.226

Profit margin: .066

Return on assets: .1337

Return on equity: .2336

Can you check my answers?

Sales Cost of Goods Sold Administrative Expenses Depreciation EBIT Interest Taxable Income Taxes (21%) Net Income $40,259,230 $29,336,446 $5,105,100 $1,804,220 $4,013,464 $630,520 $3,382,944 $710,418 $2,672,526 Dividends Paid Addition to Retained Earnings $801,758 $1,870,768 Assets Current Assets Cash $456,435 Accounts Receivable $733,125 Inventory $1,073,180 Total CA $2,262,740 Liabilities and Equity Current Liabilities Accounts Payable $929,005 Notes Payable $2,121,350 Total CL $3,050,355 Long-term Debt $5,500,000 Fixed Assets Net Plant and Equipment ($17,723,430 Shareholder Equity Common Stock $400,000 Retained Earnings $11,035,815 Total Equity $11,435,815 Total Liabilities and Equity $19,986,170 Total Assets $19,986,170|

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