Slayer Inc. Year 2 Income Statement: Sales $ COGS Gross Margin Op. Expenses Op. Income Loss on Disposal Income Before Taxes Taxes 1,050,000 615,000 435,000 305,000 130,000 10,000 120,000 35,000 Required: Ratio i) Compute Current Ratio & Quick Rat ii) Compute the four Efficiency Ratios iii) Compute the five Profiotabilty Ratio iv) Compute the three Solvency Ratios v) 85,000 Net Income Comparative Balance Sheets: Assets Year 2 30,000 205,000 225,000 25,000 485,000 25,000 435,000 (120,000) 315,000 825,000 Year 1 35,000 185,000 190,000 15,000 425,000 320,000 (80,000) 240,000 665.000 $ Cash A/R Inventory Prepaids Total Current Assets Long Term Investments Property, Plant & Equipment Accum. Depreciation Net Property, Plant & Equipment Total Assets Liabilities A/P Unearned Revenue Total Current Liabilities Long Term Note Payable Total Liabilities Equity Common Stock Retained Earnings Total Owners' Equity Total Liabilities & Equity 145,000 30,000 175,000 140,000 315,000 150,000 45,000 195,000 125,000 320,000 370,000 140,000 510,000 825,000 250,000 95,000 345,000 665.000 $