Question: Samnuta the following Ratio for the data set below:12/31/2XX2 Data SET Class Company, Inc. Statement of Income Period Ending 12/31 begin{tabular}{|c|c|} hline Revenue & 6,000,000




Samnuta the following Ratio for the data set below:12/31/2XX2 Data SET Class Company, Inc. Statement of Income Period Ending 12/31 \begin{tabular}{|c|c|} \hline Revenue & 6,000,000 \\ \hline Cost of Goods Sold & 3,800,000 \\ \hline Gross Profit & 2,200,000 \\ \hline \end{tabular} Operating Expenses: \begin{tabular}{l|r} \hline Wage Expense & 839,500 \\ \hline Advertising \& Marketing Expense & 125 \\ \hline Vehicle Expenses & 21,850 \\ \hline Insurance and Other & 57,500 \\ \hline General Expense & 72,650 \\ \hline Distribution expenses & 59,000 \\ \hline Total Operating Expenses & 1,170,500 \\ \hline \end{tabular} Operating Income 1,029,500 Other Income / (Loss) (28,000) \begin{tabular}{l|l} \hline (NBV =$42000, Cost 559000, sold $14000) & \\ \hline Interest Expense & 115,000 \\ \hline Income Before Taxes & 886,500 \\ \hline \end{tabular} \begin{tabular}{l|l} Provision for Income Taxes 350,000 \end{tabular} Net Income Class Company, Inc. Balance Sheet 12/31/20212/31/201 Assets: Current Assets: Cash Accounts Receivable Inventory Prepaid Expenses Other Current Assets Total Current Assets: Plant Property \& Equipment 1,200,000980,000 \begin{tabular}{c|c|c|} \hline Accumulated Depreciation & (500,000) & (350,000) \\ \hline Net Plant Property \& Equipment & 700,000 & 630,000 \\ \hline \end{tabular} Other Non-Current Assets: Liabilities: Current Liabilities \begin{tabular}{lcc|} \hline Accounts Payable & 200,000 & 190,000 \\ Accrued Expenses & 6,000 & 70,000 \\ \hline Current Portion of LT debt & 80,000 & 95,000 \\ \hline Other Current Liabilities & 11,000 & 23,000 \\ \hline Total Current Liabilities & 351,000 & 378.000 \end{tabular} Non-Current Liabilities \begin{tabular}{lcc|} \hline Non-Current Liabilities & & \\ Long Term Debt & 850,000 & 950,000 \\ \hline Deferred Income Taxes & 100,000 & 85,000 \\ Other Non-current Liabilities & 30,000 & 35,000 \\ \cline { 2 - 3 } Total Non-Current Liabilities & 980,000 & 1,070,000 \\ \hline & & \\ \hline Total Liabilities & 1,331,000 & 1,448,000 \\ \hline \end{tabular} Owners Equity Retained Earnings Total Owners' Equity \begin{tabular}{c|c} 839,500 & 303,000 \\ \hline 1,133,100 & 414,750 \\ \hline \end{tabular} shown Separately foe Ererche Total Llabilities and Owners Equity 2,464,1001,862,750 AdditionalPaid-inCapital250,000110,900 Dividends Prferred Shown Separately foe Exerccke Retained Earnings Total Owners' Equity Total Liabilities and Owners Equity 2,464,1001,862,750 \begin{tabular}{|lrr|} \hline & 0 & 0 \\ \hline Common shares \& YE & 160,000 & 85,000 \\ \hline \end{tabular} Other Data Needed for HW YE Market Price $39.00
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