Problem 4-23 RATIO ANALYSIS Data for Barry Computer Co. and its industry averages follow. Barry Computer Company Balance Sheet as of December 31, 2016 (In Thousands) $50400 Accounts payable Cash $171,360 ables Other current liabilities 100,800 Recei 312,480 Notes payable to bank Inventories 302,400 70,560 Total current assets $665,280 Total current liabilities $342,720 Long-term debt $272,160 Net fixed assets 342,720 Common equity 393 120 Total assets $1,008,000 Total liabilities and equity $1,008,000 Barry Computer Company Income Statement for Year Ended December 31, 2016 (In Thousands) $1,600,000 Sales Cost of goods sold $800,000 Materials Labor 320,000 Heat, light, and power 64,000 Indirect labor 144,000 64,000 1 392,000 Depreciati Gross profit 208 000 Selling expenses 144,000 General and administrative expenses 16.000 Earnings before interest and taxes (EBIT) 48,000 Interest expense 19,051 Earnings before taxes (EBT) 28,949 Federal and state income taxes (40%) 11,580 17,369 Net income Problem 4-23 RATIO ANALYSIS Data for Barry Computer Co. and its industry averages follow. Barry Computer Company Balance Sheet as of December 31, 2016 (In Thousands) $50400 Accounts payable Cash $171,360 ables Other current liabilities 100,800 Recei 312,480 Notes payable to bank Inventories 302,400 70,560 Total current assets $665,280 Total current liabilities $342,720 Long-term debt $272,160 Net fixed assets 342,720 Common equity 393 120 Total assets $1,008,000 Total liabilities and equity $1,008,000 Barry Computer Company Income Statement for Year Ended December 31, 2016 (In Thousands) $1,600,000 Sales Cost of goods sold $800,000 Materials Labor 320,000 Heat, light, and power 64,000 Indirect labor 144,000 64,000 1 392,000 Depreciati Gross profit 208 000 Selling expenses 144,000 General and administrative expenses 16.000 Earnings before interest and taxes (EBIT) 48,000 Interest expense 19,051 Earnings before taxes (EBT) 28,949 Federal and state income taxes (40%) 11,580 17,369 Net income