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Using the Following Financial Data Given Below,fill in the Appropriate

Question 85

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Using the following financial data given below,fill in the appropriate ratios in the table provided.  ASSETS:  LIABILITIES & STOCKHOLDERS EQUTTY:  Cash $2,250 Current liabilities 4,500 Accounts Rec. 4,125 Long-term debt 2,250 Inventory 1,875 Common stock at par 1,500 Fixed Assets 9,000 Paid in capital in excess of par 3,000 Total Assets $17,250 Retained earnings 6,000 Total Liabilities & $17,250 Stockholder Equity \begin{array} { l r l r } \text { ASSETS: } & & { \text { LIABILITIES \& STOCKHOLDERS EQUTTY: } } \\\text { Cash } & \$ 2,250 & \text { Current liabilities } & 4,500 \\\text { Accounts Rec. } & 4,125 & \text { Long-term debt } & 2,250 \\\text { Inventory } & 1,875 & \text { Common stock at par } & 1,500 \\\text { Fixed Assets } & 9,000 & \text { Paid in capital in excess of par } & 3,000 \\\text { Total Assets } & \$ 17,250 & \text { Retained earnings } & 6,000 \\& & & \\& & \text { Total Liabilities \& } & \$ 17,250 \\& & \text { Stockholder Equity } &\end{array} Income before fixed charges and taxesInterest paymentsLease paymentsTaxes ( 45% tax rate)Net income after taxes$9,0001,1251,3502,936$3,589\begin{array}{c}\begin{array}{lll} \text {Income before fixed charges and taxes}\\ \text {Interest payments}\\ \text {Lease payments}\\ \text {Taxes ( \( 45 \% \) tax rate)}\\ \text {Net income after taxes}\end{array}\begin{array}{r}\$ 9,000 \\1,125 \\1,350 \\\underline{2,936} \\ \$ 3,589\end{array}\end{array}

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