The Charts above are to help with Part 1s calculations. ( hope that makes sense)

Ratio Problem: 10 Points Cash Accounts Receivables Inventories Total Current Assets Net Fixed Assets MCTC Computer Company Balance Sheet as of June 30, 2020 $77.50 Accounts Payable 336 Notes Payable 241.50 Other current Liabilities $655 Total Current Liabilities 292 Long Term Debt Owners' Equity $947 Total Liabilities and Equity $129 84 117 $330 256 361 $947 Total Assets MCTC Computer Company Income Statement as of June 30, 2020 Sales Cost of Goods Sold Gross Profit Operating Expenses (except depreciation) Depreciation Expense Earnings before interest and taxes (EBIT) Interest Expense Earnings before taxes Taxes (40%) Net Income $1,607 (1,353) $ 254 (143) (41) $ 70 (24) $ 45 ( $ 27 18) Part 1: Based on the above MCTC Computer Company financial statements determine the answers to the ten ratios listed below. (Make sure to designate either Times, %, or Days). MCTC Ratio Answer Times, or %, or Days Ratio Name Current Ratio Inventory Turnover Ratio Debt Ratio Days' Sales in Inventory Profit Margin (ROS) Times Interest Earned (TIE) Return on Assets (ROA) Receivables Turnover Days' sales in receivables Quick Ratio Ratio Problem: 10 Points Cash Accounts Receivables Inventories Total Current Assets Net Fixed Assets MCTC Computer Company Balance Sheet as of June 30, 2020 $77.50 Accounts Payable 336 Notes Payable 241.50 Other current Liabilities S655 Total Current Liabilities 292 Long Term Debt Owners' Equity S947 Total Liabilities and Equity $129 84 117 S330 256 361 $947 Total Assets MCTC Computer Company Income Statement as of June 30, 2020 Sales Cost of Goods Sold Gross Profit Operating Expenses (except depreciation) Depreciation Expense Earnings before interest and taxes (EBIT) Interest Expense Earnings before taxes Taxes (40%) Net Income $1,607 (1,353) S 254 (143) (41) $ 70 (24) $ 45 C 18) 27 Part 1: Based on the above MCTC Computer Company financial statements determine the answers to the ten ratios listed below. (Make sure to designate either Times, %, or Days). MCTC Ratio Answer Times, or %, or Days Ratio Name Current Ratio Inventory Turnover Ratio Debt Ratio Days' Sales in Inventory Profit Margin (ROS) Times Interest Earned (TIE) Return on Assets (ROA) Receivables Turnover Days' sales in receivables Quick Ratio Part 2: Pick one of the five ratios you solved from the Part 1 Ratio Problem - MCTC Computer Company and answer the following five questions: (5 Points)