Requirements Using only year-end figures rather than averages, calculate the following for Ridgecrest: a. Net income b. Total liabilities c. Total assets (use the accounting equation) d. Net profit margin ratio e. Asset turnover f. Leverage ratio g. Return on equity What additional information do you need before you can use this data to make decisions? Data table $ Paid-in capital in excess of par Notes Payable (short-term) Common stock, $0.01 par 900,000 shares issued Long-term debt 340,000 Total revenues 60,000 Accounts payable Retained earings 9,000 Other current liabilities 24,000 Total expenses $ 1,740,000 200,000 664,000 380,000 1.040,000 Reference $ 9,000 340,000 Balance Sheet (Partial) Stockholders' Equity Common stock. $ 0.01 par, 900,000 shares issued Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity Net income has already been closed to retained Eamings 349,000 664,000 1,013,000 $