RBF Company Balance Sheet December 31, 2021 Assets RBF Company Balance Sheet December 31, 2021 Assets Current Assets Cash 10,000 Marketable securities 10,000 Accounts receivables 180,000 nventories 270,000 Total 470,000 Non-current Assets Gross Plant and equipment 680,000 Accumulated depreciation 300,000 Net Plant and equipment 380,000 TOTAL ASSETS 850,000 Liabilities and Owners Equity Liabilities Current liabilities Accounts payable 30,000 Accruals 60,000 Notes payable 40000 Total Current liabilities 130,000 Long-term bonds 297,000 Total liabilities 427,000 Stockholders' equity Common stock 130,000 Retained earnings 293,000 Total equity 423,000 TOTAL LIABILITIES AND EQUITY 850,000 RBF Company Income Statement For the year ended December 31, 2021 Sales 1,500,000 Less: Cost of goods sold 1,220,000 Gross income 280,000 Less: Operating expenses 140,00 Earnings before interest and taxes 40,000 Interest 36,00 Earnings before taxes 104,000 Less:Income tax 41600 ncome after tax 62,40 NOTE: If the problem is silent, assume that all sales are on credit and purchases is 100% of cost of goods sold. Both the Industry and RBF Corporation are paying within the credit terms given by the supplier. Round your answers up to 2 decimal places. Example 1.50. No need to include the description. For example your answer is 3 times, exclude the word times in answering and just encode 3. On the evaluation column, identify who is performing better RBF or INDUSTRY. Use CAPITAL letters. EVALUATION NDUSTRY COMPUTE FOR: 202 encode RBF AVERAGE or INDUSTRY) 1. CURRENT RATIO 2. QUICK RATIO 1.5 3. INVENTORY TURNOVER 4. AVERAGE COLLECTION 37 PERIOD 5. RECEIVABLE TURNOVER CREDIT SALES/ACCTS RECEIVABLE) 6. AVERAGE PAYMENT 10 PERIOD 7. TOTAL ASSET TURNOVER 1.5 8. DEBT RATIO ( in %) 9. TIMES INTEREST EARNED 10. NET PROFIT MARGIN 0 .6 11. RETURN ON TOTAL ASSETS 0.1