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Compute the missing amounts, and complete the statements of the Abacus Company (Hint: Complete the Income Statement first) ABACUS COMPANY BALANCE SHEET AS OF DECEMBER 31, 2016 Cash Accounts Receivable (Net) ? 3,300,000 Current Liabilities ? 7.32% Long-Term Bonds Payable Common Stock Retained Earnings? ? Inventory PPE (Net) 2.692,773 ? Total Assets 9,905,856 Total Liabilities and Stockholders Equity ? ABACUS COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2016 FOR THE YEAR ENDED DECEMBER 31, 2016 Net Sales ? Cost of Goods Sold ? Gross Profit ? ? ? SGA Expenses Income from Operations ? ? Interest Expense on Bonds Payable Income before Income Taxes Income Tax Expense Net Income ? ? 788,453 The following information is available about Abacus Company's financial statements: 1. The Accounts Receivable Collection Period (DRO) is 43.28 Days 2. The Days Inventory Outstanding (DIO) is 47.76 Days 3. The Current Ratio for the firm is 3.26 4. The Net Profit Margin for the firm is 9.87% 5. The Gross Profit Margin for the firm is 36.7% 6. The Return on Common Equity for the firm is 13.38% 7. The Income Tax Rate for the firm is 28.2% Compute the following information on the Abacus Company A) Calculate the Quick Ratio of the firm B) Calculate the Operating Profit Margin C) Calculate whether the firm is successfully trading on the equity D) Calculate the Financial Leverage Index E) Calculate the Interest Coverage F) Calculate the Altman Z-Score

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