please do a and b

(Financial statement analysis) Using the following financial statements for Pamplin, Inc: : a. Compute the following ratios for both 2012 and 2013 using the financial statements above: : b. Compare Pamplin's financial ratios to the industry norms listed above and assess each of the following attributes of the firm's financial condition: liquidity, capital structure, asset management efficiency, and profitability. a. Compute the following ratios for both 2012 and 2013 using the financial statements above: Pamplin's 2012 current ratio is (Round to two decimal places.) 2012 2013 $203 455 553 $148 429 630 Pamplin, Inc. Balance Sheets Assets Cash Accounts receivable Inventories Current assets Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets $1,211 2,190 (1,030) $1,160 $2,371 $1,207 2,640 (1,220) $1,420 $2,627 2012 2013 Liabilities and Owners' Equity Accounts payable Notes payable-current (9% interest) Current liabilities $203 0 $203 $154 148 $302 $598 $598 Bonds (8.33% interest) Owners' equity Common stock Paid-in capital Retained earnings Common equity Total liabilities and owners' equity $297 597 676 $1,570 $2,371 $297 597 833 $1,727 $2,627 2013 Pamplin, Inc. Income Statements Sales (all credit) Cost of goods sold Gross profit Operating expenses (cash) Depreciation Total operating expenses 2012 $1,195 (700) $495 $(25) (219) $(244) $1,445 (847) $598 $(40) (197) $(237) Net operating income Interest expense Earnings before taxes Income taxes (40%) Net income $251 (53) $198 (79) $119 $361 (62) $299 (120) $179 Current ratio Acid-test (quick) ratio Inventory turnover Average collection period Debt ratio Times interest earned Total asset turnover Fixed asset turnover Operating profit margin Return on equity Industry Norm 5.00 3.00 2.20 90.0 33.0% 7.00 0.75 1.00 20.0% 9.0%