What is the amount of Total Common Equity? Compute and explain the meaning of the following ratios. 1. Current Ratio 2. Quick Ratio 3. Debt to Total Capital Ratio 4. Net Profit Margin 5. Times Interest Earned (TIE)

Income Statement $ 4,800.00 Revenue: Sales revenue Expenses: Cost of goods sold Total operating expenses Depreciation expenses Interest expense Total expenses Income before taxes Taxes (25%) Net income $ $ $ $ 1,800.00 600.00 400.00 150.00 $ $ $ $ 2,950.00 1,850.00 462.50 1,387.50 $ $ $ $ $ $ 100.00 200.00 500.00 700.00 2,600.00 4,100.00 Balance Sheet Assets Cash Marketable securities Accounts receivable Inventories Net plant and equipment Total assets Liabilities and Stockholders' Equity Liabilities: Accounts payable $ 220.00 Accruals $ 160.00 Notes payable $ 240.00 Long-term debt $ 1,400.00 Total liabilities Stockholders' Equity Common stock $ 980.00 Retained earnings $ 1,100.00 Total stockholders' equity Total liabilities and stockholders' equity $ 2,020.00 $ $ 2,080.00 4,100.00