TEW COMPANY Balance Sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets 20,000 80,000 50,000 250,000 400,000 $ $ LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debt Common stock Paid in capital Retained earings Total liabilities and stockholders' equity 40,000 60,000 130,000 100,000 10,000 60,000 400,000 $ TEW COMPANY Income Statement For the year ended December 31 $ $ Sales (all on credit) Cost of goods sold Gross profil Sales and administrative expenses Fixed lease expenses Depreciation Operating profil Incest expense Probelore taxes Taxes (35%) Net income Refer to the tables above. The fem's foed asset turnover ratio is $ 16 O 05 2x 13x 500,000 200,000 300.000 20.000 10,000 40.000 230.000 20.000 210,000 73.500 136,500 $ ng to other question will save this response. GNVIDIA G-SYNE