Required: | Compute the missing amounts on the company's financial statements. (Hint: Whats the difference between the acid-test ratio and the current ratio?) (Do not round intermediate calculations.) | Pepper Industries | | Income Statement | | For The Year Ended March 31 | | Sales | $4,200,000 | Cost of Goods Sold | | Gross Margin | | Selling and Administration Expenses | | Net Operating Income | | Interest Expense | 80,000 | Net Income before taxes | | Income Taxes (30%) | | Net Income | | | | Pepper Industries | | Balance Sheet | | March 31 | | Current Assets: | | Cash | | Accounts Receivables, net | | Inventory | | Total current Assets | | Plant and equipment, net | | Total assets | | Liabilities: | | Current Liabilities | $320,000 | Bonds payable, 10% | | Total Liabilities | | Stockholders equity: | | Common stock, $5 par value | | Retained earnings | | Total stockholders equity | | Total liabilities and stockholders equity | | | | |