TABLE 1 INCOME STATEMENT Sales COGS Other expenses Depreciation EBIT Interest Taxable income Taxes (40%) Net income $4 24,092,400 17,982,000 2,878,800 786,000 2,445,600 434,400 2,011,200 804,480...

Find 1. Total Debt Ratio 2. Debt to Equity Ratio 3. Net profit Margin Just practice and work check


Extracted text: TABLE 1 INCOME STATEMENT Sales COGS Other expenses Depreciation EBIT Interest Taxable income Taxes (40%) Net income $4 24,092,400 17,982,000 2,878,800 786,000 2,445,600 434,400 2,011,200 804,480 1,206,720 $4 24 Dividends Add to RE 2$ 246,000 960,720 2$ BALANCE SHEET Liabilities & Equity Current Liabilities Accounts Payable Notes Payable Total CL Assets Current Assets 858,816 1,735,680 2,594,496 $ 2$ 438,048 1,841,616 1,486,200 3,765,864 Cash Accounts rec. 2$ Inventory Total CA 24 Total Long-term debt $ 4,590,000 Fixed assets Net PP&E Shareholder Equity Common stock 24 2$ Retained earnings Total Equity 2$ 14,778,816 180,000 11,180,184 11,360,184 Total L&E 18,544,680 24 18,544,680 Total Assets