RAVI Income Statement Year Ending December 31, 2022
Sales Revenue		$6,075,000
Less: Cost of Goods Sold		-4,000,200
Gross Profit		$2,074,800
Less: Operating Expenses
Selling Expense	$650,000
General and Administrative	$326,000
Lease payments	$ 50,000
Depreciation	$152,000
Total Operating Expenses		$1,178,000
Operating Profit		$ 896,800
Less: Interest Expenses		- 99,500
Net profit before taxes		$ 797,300
Less: Taxes		$ 318,920
Net Profit after taxes		$ 478,380
Earnings per share: $4.78 Dividends per share: $4.58

Find for 2022:

a. Current ratio

b. Quick ratio

c. Inventory turnover (times)

d. Days sales outstanding (DSO)

e. Debt-to-assets ratio

f. Times interest earned ratio

g. Net profit margin

h. Return on common equity (ROE)

i. Price/earnings (P/E) ratio

j. Market value/book (M/B) ratio

Balance Sheets December 31 Assets Current assets Cash $25,000$24,100 Accounts receivable 805,556763,900 Inventories Gross fixed assets (at cost) 600,000348,000 Net fixed assets $1,993,819 $1,343,707 Total assets $3.525.0000 $2.895.152 Liabilities and Stockholders" Equity Current liabilities Accounts payable $230,000$400,450 Notes payable 311,000370,000 Accruals Total current liabilities $616,000$871,352 Long-term debt Total liabilities $$2,181,200 $1,571,352 Stockholders' equity Common stock (100,000sharesat$4par)2 Paid-in capital in excess of par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} 400,000 & 400,0001 \\ 643,800 & 643,800 \\ 300,000 & 280,000 \\ \hline$1,343,800 \\ \hline$3.525.000 & $1,323,800 \\ \hline \end{tabular} RAVT's 100,000 shares of common stock closed at a price of $60.00 per share