This assignment is two parts. In the first part, you will complete the calculations of a balance sheet. The second part asks you to use those calculations to compute and explain different ratios.

part 1.

calculate and fill in the areas in yellow.

part 2.

MGMT 1120 Balance Sheet (Calculate and fill in the areas in yellow) You will need to provide your answer and explain how you arrived at that figure. 1. If our net income on December 31st,2015 was $4500, and our sales were $42080, was is our profit margin? What does this tell us? 2. What is our return on assets? What does this number tell us? 3. What is our current ratio? What does this number tell us? 4. What is our debt to total assets? What does this number tell us