Williams Company is a manufacturer of auto parts having the following financial statements for 2015-2016. Balance Sheet

Williams Company is a manufacturer of auto parts having the following financial statements for 2015-2016.

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Balance Sheet December 31, 2016 and 2015 2016 2015 $ 260,000 150,000 385,000 $ 795,000 1,640,000 $2 435,000 $ 200,000 900,000 1,335,000 $2 435,000 Cash Accounts receivable Inventory S 135,000 225,000 175,000 S 535,000 1,500,000 S2,035,000 $175,000 800,000 1,060,000 S2,035,000 Total current assets Long-lived assets Total assets Current liabilities Long-term debt Shareholder equity Total debt and equity Income Statement For the years ended December 31, 2016 and 2015 2016 2015 S3,600,000 2,600,000 1,000,000 450,000 550,000 192,500 S 357,500 Sales Cost of sales Gross margin Operating income Net income $3,500,000 2,500,000 1,000,000 500,000 500,000 175,000 $ 325,000 Operating expenses* Taxes Cash Flow from Operations 2016 2015 Net income Plus depreciation expense +Decrease (-inc) in Accounts receivable and Inventory +Increase (-dec) in Current liabilities $325,000 60,000 (135,000) 25,000 S275,000 $357,500 50,000 Cash flow from operations $407,500 Operating expenses include depreciation expense. 2015 $100,000 $50,000 2016 Industry 2016 Capital expenditures Income tax rate Depreciation expense Dividends Year-end stock price Number of outstanding shares Sales multiplier Free cash flow multiplier Earnings multiplier Cost of capital Accounts receivable turnover Inventory turnover Current ratio Quick ratio Cash flow from operations ratio Free cash flow ratio Gross margin percentage Return on assets (net book value) Return on equity $200,000 35% 35% 35.0% $60,000 $50,000 $2.25 1,800,000 $50,000 $2.75 25.00 1,800,000 1.50 18.00 9.00 5.0% 5.0% 11.10 10.50 2.30 1.90 1.20 1.10 30.0% 20.0% 30.0%