USE THE FOLLOWING DATA TO ANSWER QUESTIONS

Annual Income Statements
	2013	2014
Sales	500,000	560,000
COGS	????	149,350
Gross profit	380,000	410,650
Oper. exp	225,000	250,100
Depreciation	15,000	15,000
Operating profit	140,000	145,550
Interest exp.	5,000	5,000
EBT	135,000	140,550
Taxes	50,000	56,000
Net Income	85,000	84,550
Annual Balance Sheets
	2013	2014
Cash	450,000	478,500
Accounts rec	275,000	250,000
Inventories	280,000	325,000
Current Assets	1,005,000	1,053,500
Net fixed assets	1,125,000	???
Total Assets	2,130,000	2,293,500
Notes payable	150,000	125,000
Accounts payable	90,000	115,000
Accruals	15,000	25,000
Current Liabilities	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	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 in 2013 was 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 $_______.

Thanks so much for the help!