Z Using the information below to answer Question 2-11 Barry Computer Company Balance Sheet as of December 31 (in thousands) Assets Cash and cash equivalents Accounts Receivables Inventories Total Current Assets Net Fixed Assets Total Assets Liabilities and Equity Accounts Payables Notes Payables Other Current Liabilities Total Current Liabilities Long Term debts Total Debt Common Equity Total Liabilities and Equity 2011 77,500 336,000 241,500 655,000 292,500 $ 947,500 $ 129,000 84,000 117,000 330,000 256,500 586,500 361,000 $ 947,500 Barry Computer Company Income Statement For the Year ending December 31,2011 (in thousands) Sales Cost of Goods Sold Materials 717,000 Labor 453,000 Heat, Light, and Power 68,000 Indirect Labor 113,000 2011 $1,607,500 Sales $1,607,500 Cost of Goods Sold Materials 717,000 Labor 453,000 Heat, Light, and Power 68,000 Indirect Labor 113,000 Depreciation 41,500 $1,392,500 Gross Profit 215,000 Selling Expenses General and Admin Expenses Earnings Before Interest and Taxes (EBIT) 115,000 30,000 70,000 Interest EBT 24,500 45,500 18,200 22,350 Tax (40%) Net Income Ratio Current Ratio Quick Ratio Days sales Outstanding Inventory Turnover Industry Average 2 1.3 35 6.7 Total Asset Turnover 3 Profit Margin 1.20% ROA 3.60% ROE 9.00% Total Debt/Total Asset 60% Equity Multiplier 2.5 QUESTION 3 Based on the information in question 2 calculate quick ratio for the firm: 0.80 1.43. 1.25 QUESTION 4 Based on the information in question 2 calculate days sales outstanding for the firm: 50 76.29 65.23 QUESTION 5 Based on the information in question 2 calculate inventory turnover for the firm: 5.32 4.50 6.66 QUESTION 6. Based on the information in question 2 calculate total asset turnover for the firm: 1.70 1.65