The balance sheet and income statement of Cookie & Coffee Creations Inc. for its first year of operations, the year ended October 31, 2024, follows. COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, 2024 Assets Current Assets Cash $39,965 Accounts receivable 4,030 Inventory 22,194 Prepaid Rent 7,812 $74,001 Property, Plant, and Equipment Equipment $123,628 Accumulated depreciationequipment (12,214) 111,414 Total assets $185,415 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $7,181 Income tax payable 22,940 Dividends payable 868 Week 10 - Assignment Ratio Analysis 1 of 1 - / 1 Salaries and wages payable 2,790 Interest payable 310 Note payablecurrent portion 4,960 $39,049 Long-term Liabilities Note payablelong-term portion 7,440 Total liabilities 46,489 Stockholders' Equity Paid-in capital Preferred stock, 3,472 shares issued and outstanding $17,360 Common stock, 32,162 shares issued, 31,232 outstanding 32,162 49,522 Retained earnings 90,024 Total paid-in capital and retained earnings 139,546 Less: Treasury stockcommon (930 shares), at cost (620) Total stockholders equity 138,926 Total liabilities and stockholders' equity $185,415 COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2024 Net sales $573,500 Cost of goods sold 286,750 Gross profit 286,750 Operating expenses Salaries and wages expense $114,700 Week 10 - Assignment Ratio Analysis 1 of 1 - / 1 (a) Depreciation expense 12,214 Other operating expenses 44,454 171,368 Income from operations 115,382 Other expenses Interest expense 682 Income before income tax 114,700 Income tax expense 22,940 Net income $91,760 Additional information: Natalie and Curtis are thinking about borrowing an additional $20,000 to buy more 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. Dividends on preferred stock were $1,400. Since this is the first year of operations and the beginning balances are zero, use the ending balance as the average balance where appropriate. Calculate the following ratios. (Round time interest earned to 0 decimal places and all answersto 1 decimal place, e.g. 2.2 or 2.2%.) 1. Current ratio :1 2. Accounts receivable turnover times 3. Inventory turnover times 4. Debt to assets % Week 10 - Assignment Ratio Analysis 1 of 1 - / 1 (c) 5. Times interest earned times 6. Gross profit rate % 7. Profit margin % 8. Asset turnover times 9. Return on assets % 10. Return on common stockholders' equity % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Calculate the following ratios. (Round time interest earned to 0 decimol ploces and all answers to 1 decimal place, eg. 2.2 or 2.2% )