solved 1)IntroUse the following information to answer the questions:AssetsLiabilities and EquityCash

1)IntroUse the following information to answer the questions:AssetsLiabilities and EquityCash12,000Accounts payable12,000Marketable securities0Notes payable8,000Accounts receivable19,000Current liabilities20,000Inventory39,000Long-term debt95,000Current assets70,000Total liabilities115,000Machines56,000Paid-in capital20,000Real estate34,000Retained earnings25,000Fixed assets90,000Equity45,000Total assets160,000Total liab. & equity160,00QUESTIONS- What is the current ratio?Intro2)Use the following information to answer the questions:AssetsLiabilities and EquityCash14,000Accounts payable19,000Marketable securities2,000Notes payable6,000Accounts receivable7,000Current liabilities25,000Inventory35,000Long-term debt95,000Current assets58,000Total liabilities120,000Machines34,000Paid-in capital20,000Real estate80,000Retained earnings32,000Net fixed assets114,000Equity52,000Total assets172,000Total liab. & equity172,000Line itemValueSales75,000- Costs61,500- Depreciation2,000= EBIT11,500- Interest800= Taxable income10,700- Taxes3,531= Net income7,169QUESTIONS- What is the total debt ratio (including all liabilities)?Intro3)Sales for the year were $168,000.The balance sheet at the end of the year is given below:AssetsLiabilities and EquityCash11,000Accounts payable17,000Marketable securities2,000Notes payable6,000Accounts receivable7,000Current liabilities23,000Inventory33,000Long-term debt95,000Current assets53,000Total liabilities118,000Machines34,000Paid-in capital20,000Real estate80,000Retained earnings29,000Net fixed assets114,000Equity49,000Total assets167,000Total liab. & equity167,000QUESTIONS- What is the fixed asset turnover ratio?Intro4)Use the following information to answer the questions:AssetsLiabilities and EquityCash9,000Accounts payable17,000Marketable securities2,000Notes payable6,000Accounts receivable4,000Current liabilities23,000Inventory42,000Long-term debt95,000Current assets57,000Total liabilities118,000Machines34,000Paid-in capital20,000Real estate80,000Retained earnings33,000Fixed assets114,000Equity53,000Total assets171,000Total liab. & equity171,000Line itemValueSales74,000- Operating expenses60,680- Depreciation2,000= EBIT11,320- Interest800= Taxable income10,520- Taxes3,472= Net income7,048QUESTIONS- What is the profit margin (aka net profit margin)?Intro5)Use the following information to answer the questions:Assets Liabilities and EquityCash12,000 Accounts payable19,000Marketable securities4,000 Notes payable8,000Accounts receivable11,000 Current liabilities27,000Inventory39,000 Long-term debt80,000Current assets66,000 Total liabilities107,000Machines42,000 Paid-in capital30,000Real estate60,000 Retained earnings31,000Net fixed assets102,000 Equity61,000Total assets168,000 Total liab. & equity168,000Line itemValueSales690,000Operating expenses565,800Depreciation25,000EBIT99,200Interest8,000Taxable income91,200Taxes30,096Net income61,104The company has 30,000 shares of common stock outstanding, each currently trading at $20.9.QUESTIONS- What are earnings per share?Intro6)Samsung has sales of $44,000 and a net income of $20,000. Total assets are $43,000 and total equity is $33,000.The consumer electronics industry as a whole has the following characteristics:RatioValueProfit margin0.137Total asset turnover0.941Equity multiplier1.8Return on equity0.232QUESTIONS- What is Samsung’s profit margin?Intro7)A company has sales of $39,000 and total costs of $29,000, including depreciation and interest expenses. The average tax rate is 50%.Total assets are $74,000 and total equity is $40,000.QUESTIONS- What is the company’s net income?Intro8)Use the following information to answer the questions:AssetsLiabilities and EquityCash13,000Accounts payable21,000Marketable securities4,000Notes payable8,000Accounts receivable9,000Current liabilities29,000Inventory26,000Long-term debt80,000Current assets52,000Total liabilities109,000Machines42,000Paid-in capital30,000Real estate60,000Retained earnings15,000Net fixed assets102,000Equity45,000Total assets154,000Total liab. & equity154,000Income statementSales430,000Operating expenses387,000Depreciation25,000EBIT18,000Interest5,000Taxable income13,000Taxes4,290Net income8,710There are 9,000 shares outstanding, each currently trading for $8.22.QUESTIONS- What is total asset turnover?