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Given the following information for the year ended 2016: Acme Manufacturing Company Balacne Sheets Acme...

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Accounting

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Given the following information for the year ended 2016: Acme Manufacturing Company Balacne Sheets Acme Manufacturing Company Income Statement for the Year Ended Begininning End of 2016 of 2016 $10,000 $ 15,000 Sales $200,000 $120 Cash Accounts Receivable$ 20,000 Inventory Plant Assets Total Assets 35,000 COGS 45,000 25,000 Gross Profit $75000 55,0 Operating Expenses S 150,000 S 130,000 Operating Income $80,000 $45,000 $35,000 Non-operaing income & Accounts Payable 20,000 Payroll Payble Long-term Notes Payable Common Stock (10,000 shares outstanding) Retained Earnings $ 45,000 Total Liabilites & 40,000expenses $15 $20,000 $ 5,000 Net income $55,000 40,000 $ 25,000 25,00 s 25,000 Stockholders Equity $ 150,000 $1 Calculate the following ratios a. The current ratio at the end of 2016 was 1 b. The quick ratio at the end of 2016 was C. The return on assets for 2015 was d. The gross profit ratio at the end of 2016 was e. Earnings per share at the end of 2016 were S times times

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