Total Sales

64,326

67,542

$ 70,244

$ 73,440

$ 75,454

$ 74,699

$ 75,452

$ 76,587

$ 77,515

$ 77,944

$ 78,377

$ 78,848

Total Cost of Goods

36,666

37,824

38,634

41,861

43,763

44,820

44,517

50,547

40,308

45,207

44,675

44,943

Total Operating Expenses

15,741

15,542

15,141

15,326

15,114

15,838

16,077

15,362

16,642

16,385

16,562

15,467

Net Income

$ 16,727

$ 18,065

$ 19,294

$ 19,275

$ 19,347

$ 18,170

$ 18,856

$ 15,674

$ 22,933

$ 20,027

$ 20,654

$ 20,786

Balance Sheet of Gerup Garments Inc. as of December 31, 2015 12/31/2014 12/31/2015 Assets Current Assets Cash in bank Accounts receivable Inventory Prepaid expenses 57.000 65,000 5:00082,000 500075,000 6,000 204,000 230,000 8,000 Total Current Assets Fixed Assets Machinery & equipment Total Fixed Assets (net of depreciation) 25,200S 18,000 25,200 $ 18,000 TOTAL Assets 229,200 248,000 Accounts payable 89,000 $ 90,000 Total Current Liabilitles 89,000 $ 90,000 Long-term Debt Bank loans payable62,000S 50,000 bt 62.000 50.000 Total Liabilities 151.000140,000 78,200108,000 Calculate the following ratios for Gerup Garments Inc. Write 100 words describing the company's liquidity condition: Debt to assets ratio Debt to equity ratio Interest coverage ratio Plant assets to long term disabilities Type your response here: Balance Sheet of Gerup Garments Inc. as of December 31, 2015 12/31/2014 12/31/2015 Assets Current Assets Cash in bank Accounts receivable Inventory Prepaid expenses 57.000 65,000 5:00082,000 500075,000 6,000 204,000 230,000 8,000 Total Current Assets Fixed Assets Machinery & equipment Total Fixed Assets (net of depreciation) 25,200S 18,000 25,200 $ 18,000 TOTAL Assets 229,200 248,000 Accounts payable 89,000 $ 90,000 Total Current Liabilitles 89,000 $ 90,000 Long-term Debt Bank loans payable62,000S 50,000 bt 62.000 50.000 Total Liabilities 151.000140,000 78,200108,000 Calculate the following ratios for Gerup Garments Inc. Write 100 words describing the company's liquidity condition: Debt to assets ratio Debt to equity ratio Interest coverage ratio Plant assets to long term disabilities Type your response here