Some of the financial statements of Optical Solutions Inc. are as follows. The market price of Optical Solutions Inc. common shares was $60.00 on December 31, 2015. For both years, the company paid dividends of $4,000 and $12,000 to the preferred share- holders and the common shareholders, respectively.

Instructions
Calculate all possible liquidity, efficiency, solvency, and profitability ratios for 2015, rounding to one decimal place, except for earnings per share, which is rounded to two decimal places.

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Optical Solutions Inc. Income Statement For the Years Ended December 31, 2015 and 2014 2015 2014 Sales Sales returns and allowances. $1,608,000 $1.481,600 5,920 6,000 1.475.600 Net sales.... Cost of goods sold.. Gross profit..... Selling expenses. Administrative expenses Total operating expenses. Income from operations. Other income . 1,602.080 480,200 499,200 1,121,880 324,000 234,000 976,400 352.000 211,200 558,000 563, 200 413.200 19.200 563.880 24.000 587.880 432,400 Other expense (interest) 110.720 477,160 80.000 Income before income taxes 352,400 38,400 Income taxes expense..... 49,160 $ 428,000 Net income.. $ 314,000 Optical Solutions Inc. Statement of Financial Position December 31, 2015 and 2014 2015 2014 Assets Current assets: Cash ... $ 240.000 $ 162,400 Temporary investments Accounts receivable (net) . Inventories..... Prepaid expenses 364,000 328, 800 260,000 211,200 66,400 23, 200 208.000 44.000 Total current assets. Long-term investments Property, plant, and equipment (net) 1.116.000 204.800 1,539, 200 792,000 256.000 976.000 Total assets $2.860,000 $2.024,000 Liabilities Current liabilities... $ 360,000 $ 320,000 Long-term liabilities: Mortgage note payable, 8%, due 2020... Bonds payable, 10%, due 2024. . Total long-term liabilities.. Total liabilities .. 384,000 800.000 800,000 1,184,000 1,544,000 800,000 1,120,000 Shareholders' Equity $2 preferred shares, 2,000 issued and outstanding Common shares, 20,000 issued and outstanding Retained earnings... Total shareholders' equity . . Total liabilities and shareholders' equity 100,000 100.000 200.000 200.000 1.016.000 1,316,000 $2.860,000 604.000 904,000 $2.024.000