154PART 2 Financial Tools e Operating profits d. Operating expenses e. Earnings available for common stockholders E Total assets s Total common stock equity h. Accounts receivable page for Fox Manufacturing Company for the year ended December 31, 201 with the industry average ratios below to do the following 5, a P3-23 Cross-sectional ratio analysis Use the financial statements below and on the a. Prepare and interpret a complete ratio analysis of the firm's 2015 h. Summarize your findings and make recommendations. operatic lons, Fox Manufacturing Company lacome Statement for the Year Ended December 31, 2015 Sales revenue 60,000 $140,000 Less: Cost of goods sold Gross profis Less Operating expenses s 30,000 General and adminiserative expenses Depreciation expense 60,000 Total operating expense Operaring profies S 80,000 Less: Interest expense Less: Taxes Net profits after taxes (Hint: Earnings available for common Eamings per share (EPS 5 70,000 27,100 Net protits before taxes 5 42,900 $2.1s stockholders as there are no preferred stockholders) Ratio Current ratio Quick ratio Inveetory turmover Average collection period Total asset turnover Debt ratio Tines interest earned ratio Gross profit margin Operating profit margin Net prolit margin Returs on total assets (ROA) Returs on common equity (ROE) Earnings ger share (EPS) Industry average, 2015 2.35 0.87 4.55 35.8 days 1.09 0.300 12.3 0.202 0.135 0.091 0.099 0.167 $3.10 Rand on a 36ldiy year indon