Accounts payable $ 13,120 Net sales $ 241,080 Accounts receivable 19,680 Other current liabilities 9,020 Cash 34,440 Salaries and wages payable 2,460 Gross profit 93,480 Total stockholders’ equity 108,240 Net income 16,728 Total assets 196,800 Compute the following: (Round Earnings per share to 2 decimal places, e. g. 52.51 and all other answers to 1 decimal place, e. g. 525.1.) 1. Current ratio enter the ratio rounded to 1 decimal place : 1 2. Debt to assets ratio enter percentages rounded to 1 decimal place % 3. Earnings per share $ enter a dollar amount per share rounded to 2 decimal places per share 4. Profit margin enter percentages rounded to 1 decimal place %

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?