Show all work for full credit 4) The incompletely labeled financial statements of Sliding Sideways Skateboards, Inc. are below. For each of the following ratios i) show the formula ii) calculate the ratio state the rule of thumb (if any) for the ratio. (Hint: Label the financial statements first) Sliding Sideways Skateboards, Inc. $000 For the Year Ended January 31, 2019 January 31, 2019 Gross Revenue Ret & Allow 1.200.000 (200,000) s 1,000,000 10.000 Cash AR ADA $ 150,000 (25.000) C of GS 750,000 250,000 Inventory 125.000 115.000 250.000 Dep and Amortization 100,000 PPE Accum Depreciation 300,000 (200,000) 100,000 75,000 Other S.G&A 75,000 Other Assets Accum Amortization 50,000 (25,000) 25,000 Interest 10.000 65,000 Total Assets $ 375,000 16.250 Tax @ 25% Current Liabilities $ 50,000 $ 48.750 NIAT Long Term Liabilities 100,000 Common Shares Authorised Issued Treasury 100.000 15,000 5,000 Equity Common Stock Retained Eamings - Prior Years Retained Eamings - Current Year Dividends 10,000 191,250 48,750 (25.000) 225.000 Lieb + S/H Equity $ 375.000 14 FORMULA CALCULATION RULE OF THUMB Return on Sales Return on Equity Debt/Equity Current Ratio Working Capital Quick Ratio Market Value of Company 15 FORMULA CALCULATION RULE OF THUMB Days Sales Outstanding GP% NCF EBITDA Book Value of Company Asset Tumover