Question: Can you explain how i get the numbers ? The following ratios are computed from the financial statements of the Wattawa Company. Compute the missing

Can you explain how i get the numbers ?  Can you explain how i get the numbers ? The following

The following ratios are computed from the financial statements of the Wattawa Company. Compute the missing amounts on the firm's financial statements. (10 points) Quick Ratio Accounts Receivable Turnover Times Interest Earned Current Ratio Debt Ratio Inventory Turnover 4 1.5 30% 5 Note: All sales were on credit. Wattawa Company Income Statement For the year ended December 31, 2014 Sales Less: Cost of Goods Sold Gross Margin Less: Operating Expenses E.B.I.T Less: Interest expense Net Income Before Taxes Less: Taxes @ 40% Net Income 500,000? 250002 150,000? voaD? Wattawa Company Balance Sheet For the year ended December 31, 2014 Cash Accounts Receivable Inventory Total Current Assets 750,000 Plant and Equipment, net Total Assets 2 Accounts Payable (current liabilities) Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings 800,000 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 2,000.000

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