Tanesha D Company Limited makes sales of $6,900,000 over the 2019 fiscal period. If the company states the following financials:

Costs of goods sold $4,200,000.00

Depreciation expenses $235,000.00

Interest expenses $85,000.00

Preferred stocks dividends $10,800.00

Use the figures above to complete the income statement on the next page and perform calculations.

Copy and Update the Income Statement (8 Marks)

Calculate the current ratio (2 Marks)

Calculate the Average collection period (2 Marks)

Determine the Time interest earned (2 Marks)

Determine the Debt-to-Equity ratio (2 Marks)

Determine the ROE using the DuPont model (4 Marks)