Questions related to Ratios and the Financial Statements 1. What is the correct value for Interest Expense? ($150,000) 2. What is the correct value for Net Income? ($400,593) 3. What is the correct value for Accounts Receivable (A/R)? ($1,221,778) 4. What is the correct value for Inventory? ($388,947) 5. What is the correct value for Total Assets? ($5,562,924) 6. What is the correct value for Current Liabilities? ($1,830,000)