1. compute quick ratio, gross margin, net margin and return on equity on below grid

2. Abstract: Summarize the story of profitability and liquidity for your company. In other words, highlight the most important aspects of your report, including your major conclusions.

3. Computations: Identify and describe your computations from the Financial Analysis tab of your workbook. Be sure to format your key results in a table or graphical format, as appropriate. Explain why each cited figure was included in your report in terms of its importance for the organization.

4. Comparison: Evaluate the financials of the company by comparing current ratios to both historical and industry-average ratios. Clearly identify all unexpected or aberrant figures.

5. Conclusion: Draw informed conclusions based on your computations and comparisons in the previous paragraphs. Be sure to justify your claims with specific evidence and examples

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Peyton Approved Balance Sheet As of December 31, 2017 Assets Current Assets: : Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Office Supplies Accounts Receivable Total Current Assets 64.713.72 27.850.00 25,750.00 7 500.00 400.00 250.00 30 401.00 Liabilities and Owners' Equity Current Liabilities: Accounts Payable 27,325.00 Wages Payable 22,800.00 Interest Payable 1,468.75 Total Current Liabilities 51,593.75 156,864.72 Long Term Liabilities: Notes Payable Loans Payable Total Long Term Llabilities: Total Liabilities: 21,000.00 10,000.00 31,000.00 82,693.75 Long Term/Fixed Assets: Baking Equipment Accumulated Depreciation 17.000.00 5.928.58 Common Stock Retained Earnings 30,000.00 63,642.39 11,071.42 Total Equity 93,642.39 Leasehold Improvements Accumulated Amortization 10.000.00 4,000.00 6,000.00 Trademark 2,300.00 Total Assets: 176.236.14 Total Liabilities & Equity 176,236.14 Peyton Approved Income Statement For Year Ending 12/31/2017 Bakery Sales Merchandise Sales Total Revenues Merchandise Cost of Goods Sold (FIFO) Baking Cost of Goods Sold Gross Profit $ 335,675.00 $ 35,200.00 370,875.00 15,760.00 137,400.00 217,715.00 Operating Expenses: Rent Expense Interest Expense Insurance Expense Depreciation Expense Amortization Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Total Operating Expenses: 90,000.00 1,468.75 2,000.00 2,642.86 2,000.00 2,780.00 1,350.00 375.00 5,200.00 22,800.00 3,456.00 134,072.61 Net Income 83,642.39 Peyton Approved Statement of Retained Earnings For Year Ending 12/31/2017 Beginning Balance: plus Net Income less Dividends: Ending Balance: 83,642.39 20,000.00 63,642.39 2017 2016 2015 Industry Standard 2.2 2.8 0.7 0.55 Quick Ratio Gross Margin Net Margin Return on Equity 1.75 0.7 0.24 0.8 0.22 0.32 0.9 0.78