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The balance sheet and income statement for loe's Fish Hut are presented below: begin{tabular}{|l|r|r|} hline Total Current Liabilities & $40,200 & $46,700 hline Notes
The balance sheet and income statement for loe's Fish Hut are presented below: \begin{tabular}{|l|r|r|} \hline Total Current Liabilities & $40,200 & $46,700 \\ \hline Notes Payable - Noncurrent Portion & $89,000 & $45,000 \\ \hline TOTAL LIABIUITIES & $129,200 & $91,700 \\ \hline Stockholders' Equity & & \\ \hline Common stock & $66,000 & $54,000 \\ \hline Retained earnings & $146,269 & $126,100 \\ \hline TOTAL STOCKHOLDERS EQUITY & $212,269 & $180,100 \\ \hline TOTAL LIABILITIES AND EQUITY & $341,469 & $271,800 \\ \hline \end{tabular} Joe's Fish Hut Income Statement \begin{tabular}{|lr|} \hline For the Year Ended September 30,2018 \\ \hline Sales & $140,000 \\ \hline COGS & $89,200 \\ \hline Gross Profit & $50,800 \\ \hline Operating Expenses & \\ \hline Insurance Expense & $1,480 \\ \hline Rent Expense & $5,770 \\ \hline Salaries Expense & $4,590 \\ \hline Telephone Expense & $780 \\ \hline Interest Expense & $1,250 \\ \hline Depreciation Expense & $5,900 \\ \hline Total Operating Expenses & $19,770 \\ \hline Operating Profit Before Tax & $31,030 \\ \hline Income Tax Expense & $10,861 \\ \hline Net Profit floss) & $520169 \\ \hline \end{tabular} Type here to search Complete the following ratio andysi. Do not enter dollar signs. or commas in the incut boxes. found all answers to.2 decimai plices. a) Calculate the days sales outstanding ratio for 2018. Assume all sales are credit sales Diys sales outstanding b) Calculate the accounts receivatie tumoves for 2018. Assume all sales are credit sale Accounts Arceivable tumover: d Caiculate the days' sabes in imentory catio for 2018 Days Sales in imvertory= d) Caloulate the inventary turhoves for 201 . irientory turnover
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