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Using the same information from question #1 for Sam's Websites: Income Statement lub Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income 2013 2014 2015 2016 $27,750 $45,750 $55,000 $70,000 $10,125 $5,000 $7,500 $12.500 $17,625 $40,750 $47,500 $57,500 $3,250 $11,500 $15,250 $17,500 $14,375 $29,250 $32,250 $40,000 Balance Sheet 2013 2014 2015 2016 Assets Cash Accounts Receivable Total Assets $123 $5,600 $5,725 SO $4,925 $4,925 $750 $1,250 $8,250 $8.750 $9,000 $10,000 Liabilien Accounts Payable Debt Credit Card Total Liabilities SO SO 5225 $8.250 $8.475 S350 $8.750 $9.100 $4,625 57,575 Google Translate Google Drive Grossmont Home Bank Mobile Accou.. 06967726F736F Cromont College Mama Office Operating Expenses Not Income $3,250 $11,500 $15,250 $17500 $14,375 $29,250 $32,250 $40,000 Balance Sheet 2015 2014 2015 2016 Assets Cash Accounts Receivable Total Assets $125 $5,600 $5,725 SO $4,925 $4.925 $750 $1,250 $8,250 $8,750 $9.000 $10,000 Liabiliels Accounts Payable Debt - Credit Card Total Liabilities SO $4,625 $4,625 $0 $7575 $7,575 5225 $8,250 $8,475 $350 $8.750 $9,100 Equity Paid in Capital $1,000 $1,000 $1.000 $1,000 Retained Earnings $100 -$3,650 5475 $100 Total Equity $1,100 -$2,650 $525 $900 Total Liabilities and STE $5,725 $4.925 $9,000 $10,000 1 Calculate two (Ziration for the company. See page 512-513). Next to your calculation interpret what the ratio means about my business. Be dear hole so that your fellow classmates learn from your analysis) 2. What do you think happens to all of that not Income Sam is zburating? Uread Reply Rolls only visible to those who have posted to reply