1. Calculate Quick ratio for both years?
2. Calculate ROE for both years?
3. Calculate Net Profit Margin for both years?

3. Powell Panther Corporation: Income Statement for Year Ending December 31 (Millions of Dollars) 2000 1999 $1,200.0 1,020.0 30.0 $ 150.0 Sales Operating costs excluding depreciation Depreciation Earning before interest and taxes Less interest Earning before taxes Taxes (40%) Net income $1,000.0 850.0 25.0 $ 125.0 20.2 $ 104.8 41.9 $ 62.9 21.7 $ 128.3 $ 52.0 Powell Panther Corporation: Balance Sheets as of December 31 Million of Dollars) 2000 1999 ASSET Cash and marketable Securities Accounts receivable Inventories Net plant and equipment Total assets $ 12.0 180.0 180.0 300.0 $ 672.0 $ 10.0 150.0 200.0 250.0 $ 610.0 LIBILITES AND EUITY Accounts payable Notes payable Accruals Long-term bonds Common stock (50 million shares) Retained earnings Common equity Total liabilities and equity $ 108.0 67.0 72.0 150.0 50.0 $ 90.0 51.0 60.0 150.0 50.0 208.5 $ 258.5 $ 610.0 225.0 $ 275.0 $ 672.0