Complete the income statement and ratio analysis. Do NOT use thousands separators.

Table 1: FINC300 Inc. Income Statement 2013

Sales	$4000000
Less: Cost of goods sold	2000000
Gross Profit
Less: Operating expenses	-
Selling expenses	100000
General and administrative expenses	200000
Lease expenses	50000
Depreciation expenses	40000
Total operating expenses
Operating profits
Less: Interest expenses	100000
Net profit before taxes
Less: Taxes (use table 3)
Net profit after taxes
Less: Preferred stock dividends	50000
Earnings available for common stockholders
Earnings per share
-	-
Return on Assets (ROA)
Return on Equity (ROE)
Inventory Turnover
Net profit margin	%
Debt Ratio	%
Current Ratio
Quick Ratio

Table 2: FINC300 Inc. Balance Sheet 2013

Assets		Liabilities and Stockholders' Equity
Current Assets		Current liabilities	600,000
Cash	300,000	Long-term debt	1,000,000
Account Receivable	500,000	Total liabilities	1,600,000
Inventory	300,000
Total current assets	1,100,000	Stockholders' equity
		preferred stock	200,000
Total gross fixed assets	3,500,000	Common stock (200,000 shares)	600,000
Less: Accu. depreciation	-2,042,400	Retained earnings	157,600
Net fixed assets	1,457,600	Total Stockholders' equity	957,600
Total assets	2,557,600	Total liabilities and stockholders' equity	2557,600

Table 3: Corporate Tax Rate Schedule

Range of Taxable Income	Tax Calculation Base tax + (marginal rate x amount over base bracket)
0-50,000	0 + (15% x amount over 0)
50,000-75,000	7,500 + (25% x amount over 50,000)
75,000-100,000	13,750 + (34% x amount over 75,000)
100,000-335,000	22,250 + (39% x amount over 100,000)
335,000-10,000,000	113,900 + (34% x amount over 335,000)