The following data is given for Ink Inc. Sales $40 M LT Bonds $25 M Cash & A/R $8 M Cash $5 M Accts Payable $4 M Depreciation $2 M Notes Payable $16 M Interest Expense $8 M Cost of Goods Sold $20 M Tax Rate 40% Inventory $4 M # Shares Outstanding 2.4 M Net Fixed Assets $50 M a. Develop the current income statement for Ink Inc. Be sure to indicate the value of earnings per share (EPS). b. Develop a balance sheet for Ink Inc. Be sure to include shareholder’s equity. c. Find the current ratio, profit margin, and asset turnover for Ink Inc. d. If the industry averages for current ratio, profit margin, and asset turnover are 2.1, 26%, and 35 days respectively, what can you conclude about Ink Inc.’s asset management situation? e. What additional information would you need to make a thorough evaluation of their asset management situation?

    The subjoined grounds is ardent control Ink Inc.

    Sales $40 M LT Bonds $25 M Cash & A/R $8 M
    Cash $5 M Accts Payable $4 M Depreciation $2 M
    Notes Payable $16 M Interest Expense $8 M Cost of Goods Sold $20 M
    Tax Rate 40% Inventory $4 M # Divides Outstanding 2.4 M
    Net Fixed Assets $50 M

    a. Develop the present allowance declaration control Ink Inc. Be unmistakable to indicate the estimate of rights per divide (EPS).

    b. Develop a neutralize fencing control Ink Inc. Be unmistakable to include shareholder’s equity.

    c. Find the present harmony, emolument brink, and asset turnover control Ink Inc.

    d. If the toil averages control present harmony, emolument brink, and asset turnover are 2.1, 26%, and 35 days respectively, what can you finish environing Ink Inc.’s asset skill site?

    e. What concomitant counsel would you insufficiency to fashion a thorough evaluation of their asset skill site?