Use the following income statements. Net Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Income from Operations Interest Expense Income before Income Tax Income Tax Expense Net Income ?Net Profit Margin ? Return on Equity ? Gross Profit Percentage ?Price/Earnings Ratio LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 ?Current Ratio ?Times Interest Earned Ratio Current $ 100,000 58,000 42,000 9,000 33,000 3,000 30,000 9,000 $ 21,000 Required: a. Which ratios have been included in the above calculations? (You may select more than one answer. Single click the question mark to produce a check mark for a correct answer and double click the box with the question mark to e for a wrong answer.) 100.0% 58.0 42.0 9.0 33.0 3.0 30.0 9.0 21.0% Previous $ 75,000 100.0% 45,000 30,000 60.0 40.0 4,500 6.0 25,500 3,750 21,750 6,525 $ 15,225 34.0 5.0 29.0 8.7. 20.3%

Use the following income statements. Required: a. Which ratios have been included in the above calculations? (You may select more than one answer. Single click the question mark to produce a check mark for a correct answer and double click the box with the question mark to for a wrong answer.) 2 Net Profit Margin Return on Equity Gross Profit Percentage Price/Earnings Ratio Current Ratio Times Interest Earned Ratio