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Sandhill Consumer Products Company Income Statement Net sales $68,24023,750$44,490 Cost of products sold Gross profit Marketing, research, administrative expense 15,800 Depreciation Operating income (loss) $28,040650
Sandhill Consumer Products Company Income Statement Net sales $68,24023,750$44,490 Cost of products sold Gross profit Marketing, research, administrative expense 15,800 Depreciation Operating income (loss) $28,040650 Interest expense Earnings (loss) before income taxes $26,9401,100 Income taxes Net earnings (loss) 8,185$18,755 Sandhill Consumer Products Company Balance Sheet Assets: Liabilities and Equity: Cash and marketable securities $4,550 Accounts payable $4,410 Investment securities 470 Accrued and other liabilities 6,500 Accounts receivable 3,420 Taxes payable 2,810 Inventory Deferred income taxes 3,570 Debt due within one year 960 Total current liabilities $20,6356,915 Property,plant,andequipment,atcostLess:AccumulateddepreciationNetproperty,plant,andequipment31,194Totalliabilities$21,637Othernoncurrentliabilities$36,940ConvertibleclassApreferredstock2,5001,294 Netgoodwillandotherintangibleassets27,900Commonstock2,500 Other noncurrent assets Total assets $66,577 Total liabilities and equity Calculate all the ratios listed below for Sandhill, for which industry figures are available. (Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%
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