Refer to the financial statements and calculate ratios below for each of the following categories for the current year (show all calculations and note instructor will provide additional data required):

INTERPRETING THE FINANCIAL STATEMENTS (Part 3) Refer to the financial statements and calculate ratios below for each of the following categories for the current year (show all calculations and note instructor will provide additional data requiredy 1. Liquidity Current Ratio 2. Activity Average Collection Period Total Asset Turnover 3. Debt Debt Ratio Times Interest Earned 4. Profitability Net Profit Margin (NPM) Return of Assets (ROA) Return on Equity (ROE) Earnings Per Share (EPS) 5. Market Ratios Price/Earning (PE) Ratio FINANCIAL STATEMENTS Use the balances from the trial balance to prepare (1) an income statement (multi-step) for Deana's Decorators for the year ended December 31 of the current year and (2) a balance sheet (classified) as of December 31 of the current year (2018). Deana's Decorators Income Statement For the year ended December 31, 2018 Revenue Decorsting 120,400 1200 120 600 Inkerest Revenur Less Expenses (32.000) (1000) (so0) (1000) (u006) 13500) (2000) (3000) (2610) Wage Expense ilies Eapense t Espense Dupplies % Tnsureuace Expeast Expense Expense Dececiation 6pense Taterest Income Net Thcome Add: Ne ncom Less: Bivideds Retained Eachings Exprase Tax Exprense us.490 1 (450) 47 F40 INTERPRETING THE FINANCIAL STATEMENTS (Part 3) Refer to the financial statements and calculate ratios below for each of the following categories for the current year (show all calculations and note instructor will provide additional data requiredy 1. Liquidity Current Ratio 2. Activity Average Collection Period Total Asset Turnover 3. Debt Debt Ratio Times Interest Earned 4. Profitability Net Profit Margin (NPM) Return of Assets (ROA) Return on Equity (ROE) Earnings Per Share (EPS) 5. Market Ratios Price/Earning (PE) Ratio FINANCIAL STATEMENTS Use the balances from the trial balance to prepare (1) an income statement (multi-step) for Deana's Decorators for the year ended December 31 of the current year and (2) a balance sheet (classified) as of December 31 of the current year (2018). Deana's Decorators Income Statement For the year ended December 31, 2018 Revenue Decorsting 120,400 1200 120 600 Inkerest Revenur Less Expenses (32.000) (1000) (so0) (1000) (u006) 13500) (2000) (3000) (2610) Wage Expense ilies Eapense t Espense Dupplies % Tnsureuace Expeast Expense Expense Dececiation 6pense Taterest Income Net Thcome Add: Ne ncom Less: Bivideds Retained Eachings Exprase Tax Exprense us.490 1 (450) 47 F40