Problem 147A Your answer is partially correct. Try again. An incomplete income statement and an incomplete comparative balance sheet of Deines...

PLEASE ANSWER ALL PARTS. and please be available to correct them if they are wrong.

• Attachment 1
• Attachment 2
• Attachment 3

Problem 14—7AYour answer is partially correct. Try again. An incomplete income statement and an incomplete comparative balance sheet of Deines Corporation are presented below.Additional information: 1. The accounts receivable turnover for 2017 is 10 times.2. All sales are on account. 3. The profit margin for 2017 is 14.5%. 4. Return on assets is 22% for 2017. 5 The current ratio on December 31, 2017, is 3.0. 6 The inventory turnover for 2017 is 4.8 times. Compute the missing information given the ratios above. DEINES CORPORATION Income StatementFor the Year Ended December 31, 2017 Net sales $13,860,000 Cost of goods sold 801360 _ XGross profit I 5846400 I