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THE ATHLETIC ATTIC Income Statement begin{tabular}{lrr} & For the Year Ended December 31, 2024 & Net sales & & $8,750,800 Cost of goods

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THE ATHLETIC ATTIC Income Statement \begin{tabular}{lrr} & For the Year Ended December 31, 2024 & \\ Net sales & & $8,750,800 \\ Cost of goods sold & 5,375,600 \\ \hline Gross profit & 3,375,800 \\ Expenses: & $1,525,000 & \\ Operating expenses & 195,000 & \\ Depreciation expense & 35,000 & \\ Interest expense & 345,000 & \\ Income tax expense & & 2,100,000 \\ \hline Total expenses & $1,275,000 \\ \hline Net income & & \end{tabular} THE ATHLETIC ATTIC Balance Sheets December 31 Assets Current assets: Cash Accounts receivable Inventory Supplies 2024 Long-term assets: Fouinment 1.075.8001.975.890 Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Required: Assuming that all sales were on account, calculate the following risk ratios for 2024. (Use 365 days a year. Round your fi. to 1 decimal place.)

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