Question: Using the Balance Sheet and Income Statement information given, what are the amounts in tan for this company? Ratio Assignment Instructions: Using the Balance Sheet

Using the Balance Sheet and Income Statement information given, what are the amounts in tan for this company?Using the Balance Sheet and Income Statement information given, what are the

Ratio Assignment Instructions: Using the Balance Sheet and Income Statement information given, Wout the shaded areas to calculate finondal ratios for this company, the answer the questions below. BALANCE SHEET ACE HARDWARE Cash A/R Inventory Total Curr Assets YEAR 3 $307,600 $300,000 $450,000 $1,057,500 YEAR 2 $256.400 $350,000 $400,000 $1,006,400 YEAR 1 $163,000 $200.000 $425.000 $788,000 Current Assets Current Liabilities Cash.Acets Receivable YEAR 3 YEAR 2 $1,057,600 $1,006,400 $280,000 $300,000 $607,600 $606,400 YEARU $788,000 $300,000 $363,000 Grass Feed Assets Accum Depr Net Fred Assets $2,300,000 $700,000 $1,600,000 $2,100,000 $500,000 $1,500,000 $2,000,000 $500,000 $1.500,000 Avg Inventory Avg Acts Receivable Avg Acets Payable Cost of Goods Sold Net Sales $ 1686,000)| $ 75,000 $750,000) $ 1,400,000 $ 1,555,000 $ 1,500,000 TOTAL ASSETS $2,657,600 $2,506,400 $2.288,000 A/P ST Notes Total Current Lab $240,000 $40,000 $280,000 $260,000 $40.000 $300,000 $250,000 $50,000 $300,000 Short and LT Debt Equity Total Assets ST debt EBITDA $755,000 $800,000 $800,000 $1,902,600 $1,706,400 $1,600,000 $2,657,600 $2,506,400 $2,288,000 $280,000 $300,000 $300,000 LT Debt Total Debt $475,000 $755,000 $500,000 $800,000 $500,000 $800,000 Owner's Equity Common Stock Retained Earnings Total Equity $800,000 $1,102,600 $1,902,600 $800,000 $906,400 $1,706,400 $800,000 $800,000 $1,600,000 TOTAL LAB AND OE $2,657,600 $2.506,400 $2.400.000 Current Ratio Quick Ratio Inventory Turnover Inventory Days A/R Turnover A/R Days A/P Turnover A/P Days Cash Cyde Debt/Equity Debt/Total Assets Debt/EBITDA INCOME STATEMENT ACE HARDWARE For the 12 months Jan 1. Dec 31 Sales Cost of Goods Sold Gross Profit YEAR 3 $ 1,400,000 $ $ 1686.0001 $ 714,000 $ YEAR 2 1,555,000 $ 1275.000 $ 780,000 $ YEAR. 1,500,000 Izso.com 750,000 Operating Expenses Operating Profit $ 1224.000 490,000 $ 1749.000 531,000 $ 1200.000 $10,000 Interest Expense Profit Before Taxes $ $ (38,000) 452.000 $ 142.000) 489,000 (44,000) 466,000 Taxes Net Profit $ $ (180,800 $ 271,200 $ (195,600) $ 293.400 (186,400) 279,600 Dividends Paid S 75,000 $ 75,000 $ 75,000

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