21. Use the income statement and balance sheet to answer the questions below (5 points)...
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21. Use the income statement and balance sheet to answer the questions below (5 points) Balance Sheet Income Statement Assets Liabilities & Equity Cash 470 AP 1,040 Sales 8,010 AR 2,010 Accrued Exp 580 COGS (3,390) Inventory 1,070 Notes Payable 340 Gross Profit 4,620 CA 3,550 CL 1,960 Op. Exp. (2,440 Net Fixed Assets 4,530 LT Debt 1,950 Deprec. (500) Total Assets 8,080 Total Liab 3,910 Net Op. Inc. 1,680 Equity 4,170 Intr. Exp. (350) Liab & Equity 8,080 EBT 1,330 Tax (532) Net Inc. 798 a. The firm's Current Ratio is b. The firm's Inventory Turnover is c. The firm's Cash Conversion Cycle is d. The firm's Debt Ratio is e. The firm's Return on Equity is
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