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Use the information from the balance sheet and income statement in the popup window, to calculate the following ratios: Balance Sheet ASSETS Cash $93,000 Accounts

Use the information from the balance sheet and income statement in the popup window, to calculate the following ratios:

Balance Sheet

ASSETS

Cash

$93,000

Accounts receivable

40,000

Inventory

43,000

Prepaid expenses

11,000

Total current assets

$187,000

Gross plant and equipment

396,000

Accumulated depreciation

(63,000)

Total assets

$520,000

LIABILITIES AND OWNERS' EQUITY

Accounts payable

$92,000

Accrued liabilities

66,000

Total current liabilities

$158,000

Long-term debt

123,000

Common stock

204,000

Retained earnings

35,000

Total liabilities and equity

$520,000

Income Statement

Sales*

$211,000

Cost of goods sold

(90,000)

Gross profit

$121,000

Selling, general, and administrative expenses

(31,000)

Depreciation expenses

(26,000)

Operating profits

$64,000

Interest expense

(15,000)

Earnings before taxes

$49,000

Taxes

(10,290)

Net income

$38,710

* 12% of sales are cash sales.

a. Current ratio

b. Acid-test ratio

c. Times interest earned

d. Inventory turnover

e. Total asset turnover

f. Operating profit margin

g. Days in receivables

h. Operating return on assets

i. Debt ratio

j. Return on equity

k. Fixed asset turnover

Can someone help with this question, please!

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