SECTION 11 (Answer All parts of Question #1 below)..30points Use these financial statements to answer questions 1 and 4 below ABC, Inc. Balance Sheet as of 31t December 2002 2010 2002 2010 Cash Accounts receivable Inventory Net fixed assets Total assets Accounts payable $15,000 $ 16,000 S 6,700 S 3,700 Notes payable 5,000 S 6,000 13,300 16,300 Long-term debt 45,000 50,000 20,000 24,000 Common stock20,000 23,000 90,00098.000 Retained earnings 45.0047,000 $130,000 $142000 Tota Liab Equity S130,000 $142.000 Income Statement as of 31 Dee 2010 $180,000 115,000 Net Sales Costs Depreciation EBIT Interest Taxable income Taxes Net Income 47,000 42,000 4.000 S 28,000 Dividend Add to Ret. Earnings $26,000 2,000 Current Price per share: $25.00 No of shares outstanding: 10,000 SECTION II (40 points) (18) a. pt.) Given the financial statements for ABC, Inc (above) for the year-ending 2010, calculate least five of the indicated financial ratios below. Its current stock price is $25.00 per and it has 10,000 shares outstanding. (10 pts) #1 (Industry averages are indicated in parenthesis) Current Ratio (2.0) Profit Margin (178) Return on Equity (45%) Debt-to-Equity Ratio (0.45) Total Asset Turnover