Question 24 20 pts NOTE: this is a multi-part question using the same data. Read carefully and show all work. Make sure I can see your answer to each question very clearly. Hint: While am not asking for a balance sheet, it will be helpful for you to make up both a balance sheet and an income statement in order to answer the questions. DEBBIE'S DONUT SHOP, INC., 2020 Data (20 points total - see labels by section) Sales 4,300,000 Equity 7.500,000 Dividends 100.000 Tax Rate Receivables 412.000 Interest 430,000 (Fed. State, 35% and Local) Depreciation 320.000 Inventory 600,000 Long Term Debt 3,100,000 Cost of Goods Sold 2.410,000 Accounts Payable 600.000 Fixed Assets 10,238,000 Cash 150,000 Notes Payable 200,000 (4 points) Using the data above, write out an income statement for 2020. 14 points) Using the data above, write out an income statement for 2020, (2 points) What is the total asset turnover? (2 points) What is the profit margin? (2 points) What is the quick ratio? 14 points)Write out the Dupont Equality for this company in 2020 (the actual 3-product formula with the numbers you are using, as well as the final result): (2 points) What was the addition to retained earnings that year? (2 points) What was the addition to retained earnings that year? (2 points) What is their earnings retention ratio? (2 points) What is the Days' Sales in Inventory