The following ratios are computed from the financial statements of the Wattawa Company. Compute the missing amounts on the firm's financialstatements. (10

points)

Quick Ratio 1.0 Current Ratio 1.5

Accounts Receivable Turnover 5 Debt Ratio 30%

Times interest Earned 3 Inventory Turnover 4

Wattawa Company

Income Statement

For the year ended December 31,2014

Sales ?

Less:Cost of Goods Sold ?

Gross Margin 500,000?

Less: Operating Expenses ?

E.B.I.T. 150,000?

Less:Interest expense ?

Net Income Before Taxes ?

Less:Taxes@40% ?

Net Income ?

WattawaCompany

Balance Sheet For the year ended December 31, 2014

Cash ?

Accounts Receivable ?

Inventory ?

Total Current Assets 750,000

Plant and Equipment,net ?

Total Assets ?

Accounts Payable(current liabilities) ?

Bonds Payable ?

Total Liabilities ?

Stockholders'Equity

Common Stock ?

Retained Earnings 800,000

Total Stockholders'Equity ?

Total Liabilities and Stockholders'Equity 2,000,000

Can you please calculate it step by step how to get the answers for each of the banks?