Use the financial information below to calculate and interpret the following ratios :A. Capital acquisitions ratioB. Quality of income ratioSales revenue $159,131Cost of goods sold 64,360Gross profit 94,771Selling, general and administrative expenses 8,800Depreciation 2,585Total operating expenses 11,385Operating income 83,386Interest Expense 2,847Net Income before taxes 80,539Income tax expense 3,414Net income $77,125Cash used for interest payments $2,847Cash used for income tax payments $3,414Net income $77,125Add depreciation 6,585Add the decrease in accounts receivable 4,860Add the decrease in accounts payable 367Subtract the increase in prepaid expenses (650)Subtract the decrease in accounts payable (1,202)Net cash provided by (used for) operating activities $87, 085Cash provided by sale of property, plant and equipment $1,165Cash provided by sale of short-term investments 1,393Cash used for purchases of property, plant and equipment (8,950)Cash used for purchases of short-term investments (778)Net cash provided by (used for) investing activities ($7,170)Use the financial information below to calculate and interpret the following ratios:A. Capital acquisitions ratioB. Quality of income ratio Sales revenue $159,131Cost of goods sold 64,360Gross profit 94,771Selling, general and administrative expenses 8,800Depreciation 2,585Total operating expenses 11,385Operating income 83,386Interest Expense 2,847

Net Income before taxes 80,539Income tax expense 3,414Net income $77,125Cash used for interest payments $2,847Cash used for income tax payments $3,414Net income $77,125Add depreciation 6,585Add the decrease in accounts receivable 4,860Add the decrease in accounts payable 367Subtract the increase in prepaid expenses (650)Subtract the decrease in accounts payable (1,202)Net cash provided by (used for) operating activities $87, 085Cash provided by sale of property, plant and equipment $1,165Cash provided by sale of short-term investments 1,393Cash used for purchases of property, plant and equipment (8,950)Cash used for purchases of short-term investments (778)Net cash provided by (used for) investing activities ($7,170)