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The following questions pertain to Cline Custom Bikes income statement and balance sheet.

A. What was their depreciation expense for 2000?

B. What were the current ratios for BOTH 1999 and 2000?

C. Was their current ratio for year 2000 better or worse compared to 1999 - a one word answer please!

D. What was their inventory turnover ratio of 2000?

E. What was the average collection period ( year 2000) for accounts receivable?

F. What was their marginal tax rate?

G. How many shares of common stock did they issue (sell) in year 2000?

H. What was their earnings per share?

I. How much did they pay in preferred stock dividends?

J. What was their "TIE" (times interest earned) ratio

Income Statement Cline Custom Bikes Income Statement ($000) For year ended December 31, 2000 $2,200 $1,420 $ 780 Sales revenue Less Cost of goods sold Gross profit Less operating expenses Selling expense G&A Depreciation Total operating expenses Operating profits Less interest expense Net profit before tax Less taxes (30%) Net profit after tax $300 $270 $ 30 $ 600 $ 180 $ 29 $ 151 $ 45 $ 106 Statement of Retained Earnings Retained Earnings balance (Jan 1 2000) Plus: net profit after tax (for 2000) Less cash dividends on common $ 80 106 (76) Retained Earnings balance (Dec 31, 2000) $ 110 Balance Sheet ($000) December 31 Assets 2000 1999 $ 30 10 Current assets Cash Marketable Securities Accounts receivable Inventory Total Current Assets Gross Fixed Assets Less accumulated depreciation Net fixed assets 320 460 $ 50 20 350 320 $ 740 $ 520 $ 150 $ 370 $ 820 $ 560 $ 180 $ 380 Total Assets $1,200 $1,110 Liabilities & stockholders' equity Current liabilities Accounts payable Notes payable Accruals Total current liabilities Long-term Debt Total Liabilities $ 390 $ 110 $ 20 $ 520 $ 320 $ 840 $ 320 $ 90 $ 20 $ 430 $ 350 $ 780 Stockholders' Equity Common stock (500,000 shares, $0.20 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 100 $ 150 $ 110 $ 360 $ 100 $ 150 $ 80 $ 330 Total liabilities & stockholders' equity $1,200 $1,110