Presented below is an incomplete income statement and an incomplete comparative balance sheet of Bondi Corporation.

Additional information:1. The receivables turnover for 2013 is 10 times.2. All sales are on account.3. The profit margin for 2013 is 14.5%.4. Return on assets is 22% for 2013.5. The current ratio on December 31, 2013, is 3.0.6. The inventory turnover for 2013 is 4.8 times.InstructionsCompute the missing information given the ratios above. Show computations. (Note: Start with one ratio and derive as much information as possible from it before trying another ratio. List all missing amounts under the ratio used to find theinformation.)

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BONDI CORPORATION Income Statement For the Year Ended December 31, 2013 Net sales $11,000,000 Cost of goods sold Gross profit Operating expenses 1.665,000 Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense 560,000 Net income BONDI CORPORATION Balance Sheets December 31 2013 Assets 2012 Current assets S 450,000 $ 375,000 Cash Accounts receivable (net) Inventory 950,000 1,720,000 Total current assets 3,045,000 4.620,000 3.955,000 Plant assets (net) $7.000,000 Total assets 2012 Assets 2013 Liabilities and Stockholders' Equity S 825,000 2.800,000 Current liabilities Long-term notes payable Total liabilities 3.625.000 Common stock. $1 par Retained earnings 3,000,000 3.000,000 400.000 375.000 Total stockholders' equity 3,400.000 3.375,000 Total liabilities and stockholders' equity $7,000,000