The following ratios have been computed for Al-Aqsa company for 2012 Profit Margin = 20% Times interest earned = 9 times Receivables turnover = 3 Times Acid test ratio = 2:1 Current ratio = 3.1 Debt to total assets ratio = 20% For 2011 Cash = 450,000 Marketable Securities = 25,000, A/R (net) = 40,000 Inventory = 50,000 Fixed assets (net) = 160,000, Total assets = 320,000 Account payable = 30,000 Short term notes payable = 35,000 , Bonds payable = 20,000 ,Common stock = 200,000 Retained earnings = 35,000 Total liabilities and Equity = 320,000 For 2012 Cash = 30,000, Marketable Securities = 10,000, A/R (net) = A, Inventory = B , Fixed Assets = 200,000, Total Assets = K A/P =C, Short term notes payable = 400,000 , Bonds payable = D. Common stock = 220,000, Retained earnings = 60,000, Total liabilities and equity = L Retained earnings = 60,000, Total liabilities and equity = L Items of income statement for December 31 2012: Net Sales = 150,000 , Cost of goods sold = 75,000 , Depreciation expense = E, Interest Expense = 5000. Selling Expenses = 8000, Administrative expenses = 12000, Total operating expenses = F, Income before Taxes = G, Income Tax expense = H, Net income = 1 5. Net income (I) =* (3 Points) 25,000 150,000 20,000 30,000