The current stock price is $150 Dividends of $6,600 were paid to holders of 7,500 shares Rabbit Breeding Center, Inc. Income Statement For the year ended July 31, 2019 $ 665,000 Net Sales Less Expenses: Cost of Goods Sold Depreciation Expense Selling, General & Administrative Expenses Interest Expense Total Expenses Net Income before tax Income Tax Expense Net Income $ 570,000 15,000 23,000 25,000 633,000 32,000 4,800 27,200 Rabbit Breeding Center, Inc. Comparative Balance Sheets July 31 Assets 2019 2018 Current Assets: Cash Accounts Receivable (net) Inventory Prepaid Expenses Long Term: Plant and Equipment Accumulated Depreciation Total Assets 42,500 $ 10,500 3,500 2,000 23,000 9,000 4,500 1,000 165,200 (115.000) $ 108,700 151,000 (100,000) $ 88,500 Liabilities Current Liabilities: Accounts Payable Long Term Liabilities: Long Term Notes Payable Total Liabilities $ 4,100 $ 5,000 $ 12,500 16,600 $ 12.000 17.000 $ Stockholders' Equity Common Stock ($1 par) Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 7,500 $ 84,600 92,100 $ 108,700 $ 7,500 64,000 71,500 88,500 $ $ Compute the financial statement analysis measures as listed for Rabbit Breeding, Inc. for the year ended July 31, 2019. Show all of your work. Correct answers without the written formula will be marked partially correct. Example of correct answer Question: Working Capital Answer: current assets-current liabilities = working capital $58,500 - 4,100 = $54,400 1. Quick (Acid-test) ratio 2. Asset turnover 4. Return on Sales (PPOTIT Mary 5. Earnings per share 6. Debt-to-equity