Please answer first four questions on the photo below.

Use the information below to answer the next 18 questions. Balance Sheet Assets December 31 x 2007 2006 Cash .............................. Short-term investments ...... . . . .. $ 25,000 $ 40,000 Accounts receivable 15,000 60,000 . . . . . . .. . 50,000 30,000 Inventory ....................... . . . . . . . . 50,000 70,000 Property, plant and equipment (net)..... 160.000 200.000 Total assets . . . . .. $300.000 $400.000 Liabilities and stockholders' equity Accounts payable .... . . . .. $ 20,000 $ 30,000 Short-term notes payable ... 40,000 90,000 Bonds payable ......... 80,000 160,000 Common stock .... 60,000 45,000 Retained earnings................................... . .... 100,000 75,000 Total liabilities and stockholders equity ......... . . . . . . ...' $300.000 $400.000 Income Statement For the Year Ended December 31, 2007 Net sales.......................... ..... $360,000 Cost of goods sold ........ . .... 184,000 Gross profit ...... . . . . .. .... 176,000 Expenses Selling expenses ..... . . . . .. 30,000 Administrative expenses 59.000 Total expenses......... 89,000 Income before Interest Expense and Taxes..... 87,000 Interest expense 12,000 Income before income taxes .... 75,000 Income tax expense. . . . . . .. 30,000 Net income ........ . .. .... $ 45.000 Additional information: a. 120,000 shares were outstanding in 2007; 90,000 shares were outstanding in 2006 b. Market value of common stock on December 31, 2007, was $12 per share. For the year 2007: 16. Working capital is: 17. Current ratio is: 25. Net profit margin is: 18. Quick ratio is: 26. Operating profit margin is: 19. Cash ratio is: 27. Gross profit margin is: 20. Inventory turnover (#) is: 28. Earnings per share is: 21. Inventory turnover in days 29. Price-to-Earnings is: 22. Accounts receivable turnover (#) is: 30. Debt ratio is: 23. Accounts receivable turnover in days: 31. Long-term debt ratio: 24. Operating cycle is: 32. Debt-to-Equity is: 33. Times interest earned ratio is: Page 3 of 5