Consider the financial data below for the Example Company, and assess the value of the Company. All figures are 000s except for share price.

Example Company
Selected Financial Data
Account Description	2014				2015				2016				2017				2018				2019
Cash		25,141				25,639				32,977				34,009				49,851				30,943
Accounts receivable		272,450				312,776				368,267				419,731				477,324				542,751
Prepaids		3,982				4,402				5,037				5,246				5,378				6,648
Inventories		183,722				208,623				222,128				260,492				298,696				399,533
Property & equipment (net)		47,578				49,931				55,311				61,832				77,173				91,420
Other assets		18,734				20,738				23,075				26,318				36,248				39,403
Total assets		551,607				622,109				706,795				807,628				944,670				1,110,698
Accounts payable		49,831				64,321				70,853				80,861				94,677				78,789
Accrued expenses		86,087				102,650				113,732				131,899				143,159				164,243
Notes payable		99,539				118,305				182,132				246,420				237,741				390,034
Long-term debt		62,622				43,251				35,407				32,301				128,432				126,672
Deferred taxes payable		7,551				7,941				8,286				8,518				9,664				11,926
Other liabilities		5,279				5,521				5,697				5,593				5,252				4,695
Total liabilities		310,909				341,989				416,107				505,592				618,925				776,359
Capital stock		73,253				87,581				79,009				71,601				81,238				73,186
Retained earnings		167,445				192,539				211,679				230,435				244,507				261,153
Total stockholders equity		240,698				280,120				290,688				302,036				325,745				334,339
Total liabilities & equity		551,607				622,109				706,795				807,628				944,670				1,110,698
Net sales		982,244				1,095,083				1,214,666				1,259,116				1,378,251				1,648,500
Cost of goods sold		669,560				739,459				817,671				843,192				931,237				1,125,261
Depreciation expense		8,303				8,380				8,972				9,619				10,577				12,004
Interest expense		11,248				13,146				14,919				18,874				16,562				21,128
Income tax expense		26,650				34,000				38,000				32,800				26,500				25,750
Dividends paid		13,805				17,160				19,280				20,426				20,794				20,807
Net income		32,563				37,895				41,809				39,577				35,212				37,787
Number of common shares outstanding at year-end		12,817				13,714				13,728				13,684				14,023				13,993
Market price per share		38				43				55				65				43				31

Required:

1. Compute the liquidity and profitability ratios. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)

Liquidity Ratios 2014 2015 2016 2017 2018 2019 A/R turnover Current ratio Quick ratio (Acid test) Inventory turnover Cash flow ratio Profitability Ratios 2014 2015 2016 2017 2018 2019 Return on total assets % % % % % % Return on equity % % % % % % Gross margin % % % % % % % Earnings per share