Balance sheet current assets cash 870,000 acc receivable not given inventories 1,050,000 fixed assets 3,220,000 total assets 6,200,000 current liabilities acc payable not given long-term debt 1,900,000 common stock 680,000 retained earnings 3,190,000 total liab and equity 6,200,000 income statement sales 18,600,000 operating expense 14,320,000 ebit 4,280,000 interest expense 266,000 ebt 4,014,000 taxes 1,606,000 net income 2,408,000 what is the firm's debt ratio?

Milden company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. as an aid in planning, the company has decided to start using a contribution format income statement. to have data to prepare such a statement, the company has analyzed its expenses and has developed the following cost formulas: cost cost formula cost of good sold $35 per unit sold advertising expense $210,000 per quarter sales commissions 6% of sales shipping expense ? administrative salaries $145,000 per quarter insurance expense $9,000 per quarter depreciation expense $76,000 per quarter management has concluded that shipping expense is a mixed cost, containing both variable and fixed cost elements. units sold and the related shipping expense over the last eight quarters follow: quarter units sold shipping expense year 1: first 10,000 $ 119,000 second 16,000 $ 175,000 third 18,000 $ 190,000 fourth 15,000 $ 164,000 year 2: first 11,000 $ 130,000 second 17,000 $ 185,000 third 20,000 $ 210,000 fourth 13,000 $ 147,000 milden company’s president would like a cost formula derived for shipping expense so that a budgeted contribution format income statement can be prepared for the next quarter. required: 1. using the high-low method, estimate a cost formula for shipping expe