Question: as soon as possible please please Income Statement Item Value Sales Cost of Goods Sold $5,234,198 $3,659,135 $1,575,063 Gross Profit Selling Expense $227,295 General &

 as soon as possible please please Income Statement Item Value Sales

Cost of Goods Sold $5,234,198 $3,659,135 $1,575,063 Gross Profit Selling Expense $227,295

General & Administrative $826,340 Total Operating Expense $1,053,635 Operating Profit $521,428 Less

as soon as possible please please

Income Statement Item Value Sales Cost of Goods Sold $5,234,198 $3,659,135 $1,575,063 Gross Profit Selling Expense $227,295 General & Administrative $826,340 Total Operating Expense $1,053,635 Operating Profit $521,428 Less Income Tax (40%) $208,571 $312,857 Net Profit Dividends Paid (100k shares) $100,000 Balance Sheet Account Value Account Cash Value $165,852 Accounts Payable Accounts Receivable $589,367 Long-Term Debt $496,231 $2,950,000 $3,446,231 Inventory $1,765,129 Total Liabilities Plant & Equipment Common Stock $5,500,000 $1,100,000 Less Depreciation Retained Earnings $2,000,000 $1,474, 117 $3,474,117 Net Plant & Equipment $4,400,000 Total Equity Total Assets $6,920,348 Total Liability & Equity $6,920,348 Use the financial statements above to calculate the following measures: Measure Formula Value Current assets / current liabilities 1. Current Ration Total debt / total equity 2. Debt to Equity Ratio Gross profit / sales 3. Gross Margin Net profit/ sales 4. Return on Sales (ROS) Net profit/ total equity 5. Return on Equity (ROE) Net profit/ shares outstanding 6. Earnings per Share (EPS) Ponce

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