Compute the ratios listed in Table A using the balance sheet and income statements (Tables 1 and 2) and the production data (Table 3).

Please fill the below worksheet.

	MEASURES AND RATIOS	1974	1973	1972
I.	LIQUIDITY
a.	Current Ratio Current Assets / Current Liabilities
b.	Quick Ratio Current Assets - Inventories / Current Liabilities
c.	Average Collection Period in Days (Water) [Net Water Receivables (receivables-uncollectable accounts)]/ Net Water Sales] X 365 Days
d.	Average Collection Period in Days (Valor.) [Net Valor. Receivables (receivables-uncollectable accounts) / Valorization Income from Table 2] X 365 Days
e.	Total Assets Turnover Gross Operating Revenues / Total Assets (Total Assets is sum of total fixed assets and total current assets)
II.	SOLVENCY
a.	Long Term Debt to Capitalization (Percentage) Long Term Debt / (Long Term Debt + Patrimony) (Percentage)
b.	Total Debt (Long Term Debt+Total Current and Accrued Liabilities) (Percentage) / Total Liabilities abd Other Credits (Percentage)
c.	Times Interest Earned Ratio Net Operating Revenues before Interest / Interest Charges and Commissions

The Panama Water Authority, December 31, 1974 General Balance Sheet (thousands of Balboas) 1 1 One Baiboa = One US Dollar 2 Each year a reserve is kept for uncollectable accounts. These reserves are negative numbers. To compute a net receivable figure suburact the reserves from the accounts receivable. 3 The water authority collects and keeps a portion of the property tax to subsidize water prices. 4 What the water authority called Patrimony is normally called Contributions in a publicly owned utility. This is equivalent to equity or proprietary capital in an investor owned utility. Table 1 (continued) Table 2 The Panamanian Water Authority CONSOLIDATED INCOME STATEMENT (Thousands of Balboas) Table 3 The Panamanian Water Authority WATER PRODUCTION DATA