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Use the following balance sheet and income statement to calculate the financial ratios below: $ 2018 214,000 (100,000) 114,000 (21,000) (11,000) 82,000 (3,000) 79,000 (21,000)

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Use the following balance sheet and income statement to calculate the financial ratios below: $ 2018 214,000 (100,000) 114,000 (21,000) (11,000) 82,000 (3,000) 79,000 (21,000) Net Sales Cost of goods sold Gross Profit Operating Expenses Selling expenses General and administrative expenses Operating Profit Interest expense Earnings before taxes Income tax expense Net Income Assets Current assets Cash Accounts receivable Inventories Total current assets Plant and equipment (net) Intangibles Total assets 58.000 $ 5,000 35,000 103,000 143,000 105,000 20,000 $ 268,000 $ 57,000 57,000 66,000 Liabilities Current liabilities Accounts payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (50,000 shares) Retained eaming Total stockholders' equity Total liabilities and stockholders' equity 123,000 115,000 30,000 145,000 $ 268,000 A) Current Ratio B) Quick Ratio C) Inventory Turnover D) Average Collection Period (ACP) E) Net Profit Margin

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