Using Exhibits 24-1 and 24-3, calculate the current ratio, days in accounts receivable, total asset turnover, interest coverage, long-term debt to stockholders' equity, profit margin, and return on equity for 2018. Show your work.

EXHIBIT 24-3 Pacioli Wholesale Corporation Income Statement For the Years Ending June 30, 2018 and June 30, 2017 2018 2017 Sales 100.0% $297,000 100.0% $246,000 Less Cost of Good Sold 54.5% 162,000 58.1% 143,000 Gross Profit 45.5% $135,000 41.9% $103,000 Operating Expenses Selling Expenses 10.1% $ 30,000 10.2% $ 25,000 General Expenses 4.0% 12,000 4.1% 10,000 Administrative Expenses 16.5% 49,000 16.3% 40,000 Total Operating Expenses 30.6% $ 91,000 30.5% $ 75,000 332 Operating Income 14.8% $ 44,000 11.4% $ 28,000 Interest Expense 4.0% 12,000 4.1% 10,000 Income before Taxes 10.8% $ 32,000 7.3% $ 18,000 Income Taxes 4.4% 13,000 2.8% 7,000 Net Income 6.4% $ 19,000 4.5% $ 11,000Cash 2.7% $ 8,000 2.5% $ 7,000 Marketable Securities 4.0% 12,000 3.2% 9,000 Accounts Receivable, Net of Uncollectible Accounts 7.4% 22,000 10.8% 30,000 327 Inventory 16.4% 49,000 14.4% 40,000 Prepaid Expenses 1.0% 3,000 .7% 2,000 Total Current Assets 31.4% $ 94,000 31.7% $ 88,000 Fixed Assets Buildings and Equipment 50.2% $150,000 43.2% $120,000 Less Accumulated Depreciation 13.4% 40,000 10.8% 30,000 Net Building and Equipment 36.8% $110,000 32.4% $ 90,000 Land 16.7% 50,000 81.0% 50,000 Total Fixed Assets 53.5% $160,000 50.4% $140,000 Goodwill 15.1% as 45,000 18.0% as 50,000 TOTAL ASSETS 100.0% $299,000 100.0% $278,000 LIABILITIES AND STOCKHOLDERS' EQUITY