Remaining Time: 2 hours, 44 minutes, 51 seconds. Question Completion Status: 20 3 6 100 11 12 13 14 15 Use the following IS and balance sheets for ABC to calculate sales - to - total assets ratio for the year 2006. ABC Income Statement Ending Dec. 31st $ 2005 2006 Net Sales $1,800,000 3,000,000 - COGS 1,080,000 1,800,000 Gross Profit 720,000 1.200,000 180,000 300,000 Marketing Expenses General Administrative (GLA)Expenses 500,000 500.000 80,000 80,000 Depreciation expense EBIT -40,000 320,000 120.000 90,000 Interest EBT - 130,000 200,000 50 000 0 -Taxes Net Income - 130,000 150.000 0 70,000 Dividends Change in Retained Earnings 0 80,000 Click Save and Submit to save and numit. Click Save All Answers to deall andre x Dard CO Support emaining Time: 2 hours, 44 minutes, 37 seconds @ Question Completion Status: 11 12 13 14 15 ABC Balance Sheet Ending Dec. 315 (5) Left Hand Side of the B.S. Assets 2005 Change Average 2005 40.000 Cash 100,000 400,000 300,000 Receivables Inventories Total Current Assets 580 000 1.000.000 Gross Foxed Assets 1.300.000 900,000 200.000 1.800.000 1.000.000 280 000 Less Accumulated Depreciation Net Fored Assets 700.000 2.000.000 800.000 2.400,000 Total Assets Right Hand side of the B.S. Liabilities and Equity Payable 250,000 320,000 Accrued Wagen 100.000 140,000 Bank Loan 100.000 300.000 Tots Current 540.000 650.000 Click Save and submit to and hit. Click Save All Star acer E Remaining Time: 2 hours, 44 minutes, 06 seconds. Support & Question Completion Status: 10 3 40 50 6 90100 11 12 13 14 15 Net Fixed Assets 700,000 800,000 Total Assets 2,000,000 2,400,000 Right Hand Side of the B.S. Liabilities and Equity Payables Accrued Wages Bank Loan 260,000 100,000 320,000 140,000 200.000 180,000 540.000 Total Current Liabilities 660.000 500,000 800.000 Long-term Debt Owner's Equity Common Stock (@pur Additional paid-in-capital Retained Earnings Total labies and equity 300,000 400,000 300,000 400,000 240,000 $2.400.000 160 000 $2.000.000 A 1364 B 2 957 Click Save and submit to save and submit. Click Save All Arners to all annen acer 300,000 300,000 Owner's Equity Common Stock (@par) Additional paid-in-capital Retained Earnings Total liabilities and equity 400,000 400,000 160,000 240,000 $2,000,000 $2,400,000 O A 1.364 B.2.957 C.1.007 D.3.153 E. 4.687 QUESTION 12 Click Save and Submit to save and submit. Click Save All Answers to save all answers