Dahit analysis for... meter transacted frageda on the bath were's Chewy D Team CES GED Check Enterprise's time resteed ratio Round to we decimal places) Creek Enterprise's feed payment coverage ratio is (Round to two decimal places) Complete the following summary of ratios and compare Creek Enterprises's ratios vs. the industry average (Round to two decimal places) Creek Industry Debati 0.49 Times interesteamed ratio 722 Fred payment coverage ratio 1 86 Creek Enterprises Income Statement for the Year Ended December 31, 2015 Sales revenue $30,028,000 Less: Cost of goods sold 21,039,000 Gross profits $8,989,000 Less: Operating expenses Selling expense $3,002,000 General and administrative expenses 1.779,000 Lease expense 201,000 Depreciation expense 1,014,000 Total operating expense 5,996,000 Operating profits $2,993,000 Less: Interest expense 1,012.000 Net profits before taxes $1,976,000 Less: Taxes (rate = 40%) 790,400 Net profits after taxes $1,185,600 Less: Preferred stock dividends 107.100 Earnings available for common stockholders $1,078,500 W Creek Enterprises Balance Sheet December 31, 2015 Assets Liabilities and Stockholders' Equity Current assets Current liabilities Cash $1,008,000 Accounts payable $7,976,000 Marketable securities 2,950,000 Notes payable 7,964,000 Accounts receivable 11,956,000 Accruals 523,000 Inventories 7,539,000 Total current liabilities $16,463,000 Total current assets $23,453,000 Long-term debt (includes financial leases)" $19,492,000 Gross fixed assets (at cost) Stockholders' equity Land and buildings $10.954,000 Preferred stock (25,200 shares $4.25 dividend) $2,540,000 Machinery and equipment 20,518,000 Common stock (1 14 million Furniture and fixtures 7.992,000 shares at $4.75 par) 5 415,000 Gross fixed assets $39,464,000 Paid-in capital in excess of par value 4,014,000 Less: Accumulated depreciation 13,039,000 Retained earnings 1.954,000 Net fixed assets $26.425,000 Total stockholders equity $13.923,000 Print Done par value 4,014,000 Less. Accumulated depreciation 13,039,000 Retained earnings 1.954.000 Net foved assets $26.425,000 Total stockholders' equity $13.923.000 Total liabilities and Total assets $49,878 000 stockholders equity $49,878,000 *The firm has a 4-year financial lease requiring annual beginning of year payments of $201.000 Three years of the lease have yet to run **Required annual principal payments are 5805.000