USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 2014 560,000 149,350 410,650 Sales COGS Gross profit Oper. exp Depreciation Operating profit Interest exp. Annual Income Statements 2013 500,000 ???? 380,000 225,000 15,000 140,000 5,000 135,000 50,000 85,000 250,100 15,000 145,550 5,000 140,550 56,000 84,550 EBT Taxes Net Income Cash Accounts rec Inventories Current Assets Net fixed assets Total Assets Annual Balance Sheets 2013 3 450,000 275,000 280,000 1,005,000 1125,000 2,130,000 2014 478,500 250,000 325,000 1,053,500 ??? 2,293,500 Notes payable 3 150,000 125,000 Accounts payable 9833 590,000115,000 Accruals SS 1 5,000 25,000 Current Liabilities S 255,000 265,000 Long-term debt 1,000,000 1,050,000 Common stock @ ($0.25 par) 25,000 28,500 Additional paid in capital 2 500,000 570,000 Retained earnings 350,000 380,000 Total Liabilities & Equity 2 ,130,000 2,293,500 35. Net fixed assets in 2014 were $ 36. COGS on the 2013 common-sized income statement was 24%. Therefore, COGS 37. The debt ratio for 2014 was %. 38. Cash flow from operations in 2014 was $ 39. Cash flow from investing in 2014 was $_ 40. Total dividends paid in 2014 was $