Using these 2 sheet, answer questions

18. What is the Net Profit Margin for 2017?

0.20

0.22

0.25

0.32

19. What is the Current Ratio for 2017?

1.76

2.27

1.68

1.84

20. What is the Quick Ratio (or Acid Test) for 2018?

1.99

1.61

1.14

1.18

21. What is the Inventory Turnover for 2018?

4.00

2.18

2.75

3.97

BALANCE SHEET in U.S. dollars) 12/31/2017 12/31/2018 Difference Assets Current Assets Cash Acct Receivable Inventory Ttl Current Assets $ $ $ $ 75,000 $ 20,200 $ 39,000 $ 134,200 $ 65,000 $ 25,000 $ 50,000 $ 140,000 $ (10,000) 4,800 11,000 5,800 Land Fixed Assets $ Buildings $ (Accumalated Deprec.) $ Office Equip. $ Machinery $ (Accumalated Deprec.) $ Ttl Fixed Assets $ 140,000 $ 200,000 $ (20,000) $ 80,000 $ 45,000 $ (4,000) $ 441,000 $ 140,000 $ 200,000 $ (35,000) $ 90,000 $ 45,000 $ (8,000) $ 432,000 $ (15,000) 10,000 (4,000) (9,000) TOTAL ASSETS $ 575,200 $ 572,000 $ (3,200) Liabilities Current Liabilities Accounts Payable $ Notes Payable $ Accrued Payroll $ Ttl Current Liabilities $ Long-Term Liabilties Mortgage $ Bank Loan $ Ttl Long-Term Liability $ Owner's Equity $ 37,000 $ 6,000 $ 16,000 $ 59,000 $ 45,000 $ 7,000 $ 24,000 $ 76,000 $ 8,000 1,000 8,000 17,000 300,000 $ 35,000 $ 335,000 $ 181,200 $ 275,000 $ 30,000 $ 305,000 $ 191,000 $ (25,000) (5,000) (30,000) 9,800 Total Liabilities /Owner's Equity $ 575,200 $ 572,000 $ (3,200) Receipts INCOME STATEMENT (in U.S. dollars) 2017 Sales $ 564,000 $ Less Returns $ 12,500 $ $ 155,000 $ 2018 700,500 10,000 200,000 COGS Gross Profit $ 396,500 $ 490,500 Other Expenses Salaries Travel Car Leases Rent Payroll Tax Insurance Fuel/Maint. Benefits Advertising Utilities Misc. $ $ $ $ $ $ $ $ $ $ $ $ 186,000 $ 9,600 $ 7,000 $ 10,000 $ 5,000 $ 6,000 $ 2,000 $ 5,000 $ 3,000 $ 2,000 $ 1,500 $ 237,100 $ 240,000 11,000 9,000 15,000 7,000 6,000 3,000 7,000 3,500 2,500 1,600 305,600 Total Exp $ Operating Income Interest Taxes Profit After Tax $ $ $ $ 159,400 $ 15,600 $ 17,000 $ 126,800 $ 184,900 17,600 22,000 145,300