Consider the following data given in random order for UCW Inc. at December 31, 2016, the end of its fiscal year: Revenues ? Cash 1,75,000 Accounts receivable ? Salary expenses 1,20,000 Legal expenses 1,05,000 Current ratio 5x Accounts payable 1,00,000 Depreciation 10,000 Dividends ? First year of operations Inventory 2,25,000 Cost of Goods Sold (25% of Sales) 2,50,000 Interest expense 5% Net fixed assets ? Travel expense 45,000 Interest coverage ratio 5x Long-term debt (issued Jun 30, 2006) 6,00,000 Common shares 3,00,000 Income tax payable 20,000 Ending retained earnings ? Other operating expenses ? Fixed asset turnover 4x Income tax rate 40% No other balance sheet or income statement accounts Interest Coverage Ratio = EBIT/ Interest Current Ratio = Current Assets/ Current Liabilities Fixed Asset Turnover = Sales/ Net Fixed Assets