Question 8 Not yet Below is selected financial information for Panettone, Inc If you cannot view the image, you may view the data in Excel format Marked out of Balance Sheet ($ in Millions) Income Statement ($ in Millions) 1998 Liabilities and Owners' Equity 1998 Current Liabilities Accounts Payable Notes Payable Total Current Liabiities 1998 400 200 Cost of Goods Sold 1700 600 Administrative Expenses 194 Total Curreat Assets 1400 Long Term Liabilties Earnings Before Interest and Taxes 706 Interest Expense Taxable Incore Long-Term Debt 30 F ixed Assets Property, Plant, and Equipmenx g00 Less Accumulated Depreciation 500 Common Total Long-Term Liabbes 200 76 900 owners' Equity Stock ($1 Par) Net Fixed Assests 400 Capital Surptus 400 198 Retained Earnings 100 Addtion to Retained Earrings Total Owners Equity Other Information 1800 Total Liab. and Owners' Equity 1 Total Assets Number of Shares Outstanding (Miions) 300 price per Share 26 In the answer boxes below, select the right answer from the drop-down menu Each answer is worth 2 points Answers are rounded to two decimals tio Gross Profilt Ratio nce-Earnings Ratio Inventory Turnover ick Ratio Accounts Receivable Turnove