Accounts receivable Inventory Total assets . Selected financial ratios computed from the statements below for the current year are: $ 1.47 0.920 Earnings per share Debt-to-equity ratio Accounts receivable turnover Current ratio Return on total assets Times interest earned ratio Acid-test ratio Inventory turnover $ 200,000 $ 310,000 $ 1,990,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income Current assets: Cash Required: Compute the missing amounts on the company's financial statements. (Hint: What's the difference bet est ratio and the current ratio?) (Do not round intermediate calculations.) Liabilities: Pepper Industries Income Statement For the Year Ended March 31 $ 3,400,000 Pepper Industries Balance Sheet March 31 Accounts receivable, net Inventory Total current assets Plant and equipment, net Total assets Current liabilities Bonds payable, 10% Total liabilities 20.0 2.90 Stockholders' equity: Common stock, $2.90 par value Retained earnings 8% 4.00 1.17 7.0 Total stockholders' equity Total liabilities and stockholders' equity 49,000 $ 200,000

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