The following financial statements apply to Cowboy Ice Cream Company: 9 Year 2 $ 220,100 Year 1 $ 180,900 Revenues 10 points Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses 124,400 19,800 10,100 1,700 19,100 175, 100 45,000 101,400 17,800 9,100 1,700 17,800 147,800 33,100 02:59:18 Net income $ $ eBook Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities $ 4,400 2,000 36,500 101,800 3,500 148,200 106,900 20,600 $ 275,700 $ 7,200 2,000 32,000 94,200 2,500 137,900 106,900 0 $ 244,800 Daaount 20 non $ 75 00 106,900 0 106,900 20,600 $ 275,700 $ 244,800 9 $ $ 10 Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (48,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 38,000 15,600 53,600 64,300 117,900 35,900 15,700 51,600 65,300 116,900 points 02:59:25 114,900 42,900 157,800 $ 275,700 114,900 13,000 127,900 $ 244,800 eBook Required Calculate the following ratios for Year 2. a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity. (Round your answers to 2 decimal places.) d. Times interest earned. (Round your answers to 2 decimal places.) e. Working capital. f current ratio (Pound your answers to 2 decimal olaco d. Times interest earned. (Round your answers to 2 decimal places.) e. Working capital. f. Current ratio. (Round your answers to 2 decimal places.) g. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) h. Accounts receivable turnover. (Round your answers to 2 decimal places.) i. Inventory turnover. (Round your answers to 2 decimal places.) j. Debt-to-equity ratio. (Round your answers to 2 decimal places.) k. Debt-to-assets ratio. (Round your answers to the nearest whole percent.) Year 2 a. Net margin % b. Return on investment % C. Return on equity % d. Times interest earned times e. Working capital Current ratio f. g. Quick (acid-test) ratio h. Accounts receivable turnover times i. times j. Inventory turnover Debt-to-equity ratio Debt-to-assets ratio k. %