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Fresh Tulips Corporation Comparative income statements 2018 Sales 890,000 Less: Cost of sales 2019 1,000,000...

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Fresh Tulips Corporation Comparative income statements 2018 Sales 890,000 Less: Cost of sales 2019 1,000,000 (500,000) 500,000 (160,500) (430,000) 460,000 Gross profit General and administrative expenses (221,000) Earnings Before Interest and Taxes 339,500 239,000 Interest Expense 74,000 52,000 Income Before Tax 265,500 187,000 Income Tax Expense 110,200 74,800 Net Income 155,300 112,200 1 10 AED 1995 000 265,500 187,000 Income Tax Expense 110,200 74,800 Net Income 155,300 112,200 The total assets for the company in 2019 is AED 3,032,000 and in 2018 is AED 1,985,000 Total equities for the company in 2019 is AED 1,392,000 and in 2018 is AED 1,357,000 Find the following for 2019 and 2018. Make sure to show your calculation. A. Debt to total assets ratio B. Times Interest Earned C. Profit margin ratio D. Return on equity . V Paragraph Arial 3 (12pt) T X DOO TT ST HTML O fr Mashups v

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