Use these financial statements for a manufacturing company to answer the following questions. Use the effective tax rate for tax effects and assume cash is 75% operating assets and 25% financing assets. Round all answers to two decimal places and input percentages as decimals, e.g. 35% as 0.35. Income statement 2020 Balance sheet 12/31/19 Sales 850 Cash 275 (300) Inventory 130 Cost of goods sold SG&A expense Interest income 100 (120) 10 Accounts receivable PP&E 770 Interest expense (25) (111) 304 Income tax expense Accounts payable Notes payable Owner's Equity (225) (350) Net income 700 Question 8 1 pts Using ATO as calculated in #8, remove observations from the data set (truncation), with ATO that are more extreme than the 2nd and 98th percentiles of the full sample distribution. Calculate the resulting ATO mean value. Use these financial statements for a manufacturing company to answer the following questions. Use the effective tax rate for tax effects and assume cash is 75% operating assets and 25% financing assets. Round all answers to two decimal places and input percentages as decimals, e.g. 35% as 0.35. Income statement 2020 Balance sheet 12/31/19 Sales 850 Cash 275 (300) Inventory 130 Cost of goods sold SG&A expense Interest income 100 (120) 10 Accounts receivable PP&E 770 Interest expense (25) (111) 304 Income tax expense Accounts payable Notes payable Owner's Equity (225) (350) Net income 700 Question 8 1 pts Using ATO as calculated in #8, remove observations from the data set (truncation), with ATO that are more extreme than the 2nd and 98th percentiles of the full sample distribution. Calculate the resulting ATO mean value