The "Final" Stop STATEMENT OF INCOME For the Year Ended November 30, 2019 Revenue: Sales Total Revenue $ 145 145 -54 Cost of Goods Sold: Gross Profit: 91 15 11 Expenses and Losses: Salaries Depreciation Advertising Interest Miscellaneous 10 8 w 47 Net Income 44 The "Final" Stop STATEMENT OF FINANCIAL POSITION November 30, 2019, and November 30, 2018 1 30-Nov-19 30-Nov-18 $ 87 $ 94 11 9 12 ASSETS: CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID ADVERTISING EXPENSE AVAILABLE-FOR-SALE (long-term) INVESTMENTS PLANT ASSETS ACCUMULATED DEPRECIATION TOTAL ASSETS 15 14 48 40 10 55 30 -11 201 -22 191 $ $ 4 10 3 3 2 8 3 LIABILITIES AND EQUITY ACCOUNTS PAYABLE ACCRUED SALARIES PAYABLE INTEREST PAYABLE DIVIDENDS PAYABLE BONDS PAYABLE COMMON STOCK($2 Par per share) RETAINED EARNINGS TOTAL LIABILITIES AND EQUITY 2 8 82 40 70 46 40 74 201 191 $ Additional information: Market value of a share of Company's common stock was $33 as of November 30, 2019 Instructions: 1. Prepare a statement of Cash Flows--using the indirect method for operating activities to present the operating activities. 2 orepare the following ratios (for the most recent year). a. Current ratio b. Quick ratio . c. Current cash debt coverage d. Accounts Receivable turnover e. Inventory turnover . f. Return on assets g. Return on Common Stockholders' Equity h. Earnings per Share i. Price\earningsratio j. Payout ratio k. Debt to total assets ratio 1. Times-interest earned m. Tell me about the financial leverage of The Testing Co.--BE SPECIFIC