The balance sheet and income statement of Cookie & Coffee Creations Inc. for its first year of operations, the year ended October 31, 2021, follows

COOKIE & COFFEE CREATIONS INC.

Balance sheet

October 31, 2021

Assets
Current assets
Cash		$86,219
Accounts receivable		3,250
Inventory		17,897
Prepaid expenses		6,300	$113,666
Property, plant, and equipment
Furniture and fixtures	$12,500
Accumulated depreciation-furniture and fixtures	( 1,250)	11,250
Computer equipment	4,200
Accumulated depreciation-computer equipment	(600)	3,600
Kitchen equipment	29,000
Accumulated depreciation-kitchen equipment	(2,050)	26,950	41,800
Total assets			$155,466
Liabilities and Stockholder's Equity
Current liabilities
Accounts payable		$5,848
Income tax payable		19,690
Dividends payable		700
Salaries and wages payable		2,250
Interest payable		188
Note Payable-current portion		4000	$32,676
Long-term liabilities
Note payable-long-term portion			6,000
Total liabilities			38,676
Stockholders' equity
Paid-In capital
Preferred stock, 2,800 shares issued and outstanding	$14,000
Common Stock, 25,930 shares issued, 25,180 outstanding	25,930	39,930
Retained earnings		77,360
Total paid-in capital and retained earnings		117,290
Less: Treasury stock (750 common shares)		500
Total stockholders' equity			116,790
Total liabilities and stockholder's ' equity			$155,466

COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2021

Sales Revenue		$462,500
Cost of goods sold		231,250
Gross profit		231,250
Operating expenses
Salaries and wages expense	$92,500
Depreciation Expense	3,900
Other operating expenses	35,987	132,387
Income from operations		98,863
Other expenses
Interest expense		413
Income before income tax		98,450
Income tax expense		19,690
Net Income		$ 78,760

Additional Information:

Natalie and Curtis are thinking about borrowing an additional $20,000 to buy more kitchen equipment. The loan would be repaid over a 4-year period. The terms of the loan provide for equal semiannual installment payments of $2,500 on May 1 and November 1 of each year, plus interest of 5% on the outstanding balance.

Instructions

Calculate the following ratios (use ending balances in place of average, where necessary): (Round current ratio to 2 decimal places, e.g. 1.68:1. Round times interest earned to 0 decimal places, e.g. 125. Round other answers to 1 decimal place, e.g. 2.2 or 2.2%.)

1. Current Ratio

2. Accounts receivable turnover

3. Inventory turnover

4. Debt to assets

5. Times interest earned

6. Gross profit rate

7. Profit margin

8. Asset turnover

9. Return on assets

10. Return on common stockholder's equity

(I NEED HELP, PLS HELPP!)