E13-6 Matching Each Ratio with its Computational Formula CLO 13.4) Match each formula with its ratio or percentage by selecting the appropriate ratio or percentage for each numbered item. Ratios or Porcentages Formula 1. Net income - Total revenue 2. (Net sales revenue - Cost of goods sold) - Net sales revenue 3. Current assets - Current liabilities 4. Cost of goods sold - Average inventory 5. Net credit sales revenue - Average not receivables 6. (Net income-Preferred dividends) - Average number of common shares outstanding 7. Total liabilities - Total assets 8. (Net income + Interest expense + Income tax expense) - Interest expense 9. Current market price per share - Earnings per share 10. (Net income - Preferred dividends) - Average common stockholders' equity 11. Total revenue - Average net fixed assets