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Calculate current ratio, quick ratio, debt ratio, debt to net worth ratio, times interest earned, average inventory turnover ratio, average age of inventory, receivables turnover ratio, average collection period ratio, payables turnover ratio, average payable period ratio, total asset turnover ratio, gross profit on sales ratio, operating profit on sales ratio, net profit on sales ratio, net profit to assets ratio and net profit to equity ratio.

ABC Co. Income Statement For the Year Ended December 31 Sales revenue 958337 Cost of goods sold 701677 Gross profit 256660 Less: Operating expenses Salaries expense 125970 Utilities expense 5440 Depreciation expense 18600 Advertising expense 14200 Other operating expenses 5550 Total operating expenses 169760 Income before interest and income taxes 86900 Interest expense 3100 Income before income taxes 83800 Income taxes @ 27% 22626 Net income $ 61174 ABC Co. Statement of Retained Earnings For the Year Ended December 31 Beginning balance 61000 Add net income for the year 61174 122174 Less dividends paid 8350 Ending balance $ 113824 ABC Co. Balance Sheet As of December 31 Assets Current assets Cash 45121 Accounts receivable 64200 Inventory 199003 308324 Investments 49000 Property, plant, and Equipment Land 109300 232600 Building and Equipment -122700 109900 Accumulated depreciation Total assets $ 576524 Liabilities and Stockholders' Equity Current liabilities Accounts payable 146300 Notes payable 48000 Income tax payable 9000 14600 217900 Mortgage loan (current portion) Long-term liabilities Mortgage loan 142800 Total liabilities 360700 Common stock 102000 Retained earnings 113824 215824 Total stockholders equity 576524 Total liabilities and owners' equity $

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