Information for Long Way Inc is presented below

	2014	2015
Cash	45,000	40,500
Accounts Receivable	23,000	19,500
Inventory	22,500	24,500
Prepaid insurance	4,000	2,000
building	340,000	340,000
Accumulated depreciation- building	168,500	160,000
Accounts payable	43,000	39,750
Mortgage payable	102,000	109,000
Common shares	35,000	35,000
Net sales	107,550	100,7000
Cost of goods sold	55,540	51,920
Interest expense	4000	4,275
Income tax expense	8300	8,100
Profit (loss)	39,800	36,405

Question

1 Calculate the following for 2014 and 2013

A. current ratio

b. Gross profit margin

c. Profit margin

d. Debt to total assests

e. Times interest earned

Calculate the following for 2014

Accounts receivable turnover

Inventory turnover