SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000 Operating Expense 190,000 Promotion Expenses 75,000 R & D Expense 25,000 Operating Income 160,000 Interest Expense & Other 36,000 Taxes 37,200 Net Income 86,800 Assets Balance Cash & Equivalents 50,000 Accounts Receivabl200,000 Inventories 210,000 Other Current Assets 460,000 Net Plant, Property 800,000 Other LT Assets Total Assets 1,260,000 Short Term debt 180,000 Long Term Debt 450,000 Owner's Equity 630,000 Retained Earnings Total Liabilities & | 1,260,000 Profitability Ratios Return on Sales Return on Assets Return on Equity ? Liquidity Ratios Current Assets / ST Liabilitie? Working Capital Solvency Ratios LT Debt to Equity LT Debt to PPE Efficiency Ratios Operating Income / Sales Re? Leverage Times Interest Earned