The 2014 and 2018 year end balance sheet along with the 2019 income statement for Jersey Kids Corporation, a New York Stock Exchange company are show 2019 and 2018 Balance Sheet 2019 2018 Cashi $32,300 $46,900 AR 50,700 58,300 Inventory 70,500 75,800 Net Fixed Assets 504,500 461.000 $658,000 $642.000 Accounts Payable $58,900 $61,200 ST Notes Payable 20,000 30,000 134,700 164,500 Long Term Debt Owners Equity 444,400 386,300 $650,000 $642,000 Note: ST Notes Payable are all due in less than 1 year 2019 Income Statement $642,100 Sales Cost of Goods Sold 409,800 Depreciation 138,400 EBIT Interest Expense $93.900 15,600 Taxable income $78,300 20.200 Taxes Net Income $58.100 Question 3 3. Are the form od 75.000 comes outstanding Astock in the comme Share PPS 100 and the Marant Whethe stock MO ON bhe UPS Wisecenter the 100 g Yes Question 4 4. Which statement must be correct regarding the financial statements for Jersey Kids LLC? The company paid dividends of $15,300 in 2019 The financial statements were audited by Ernst & Young in 2019. the return on equity is equal to the return on assets The change in net working capital from 2018 to 2019 was $14,000 O The current ratio in 2019 is 2.5x None of the above Question 5 5. Assume there were no sales of fixed assets during 2019. Which statement about fixed asset purchases must be true? There were no purchases of fixed assets during the period Purchases of fixed assets must have been $43,500 O Purchases of fixed assets must have been $138,400 Purchases of fixed assets must have been $181.900 Purchases of fixed assets were $224,600 Purchases of fixed assets cannot be determined