Ratios from Comparative and Common-Size Data Consider the following financial statements for Waverly Company. During 2016, management obtained additional bond financing to enlarge its production facilities. The company faced higher production costs during the year for such things as fuel, materials, and freight. Because of temporary government price controls, a planned price increase on products was delayed several months. As a holder of both common and preferred stock you decide to analyze the financial statements: WAVERLY COMPANY Balance Sheets (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Plant and other assets (net) Total Assets 19,000 $12,000 43,000 20,000 105,000 20,00014,000 411,000 685,000$585,000 55,000 471,000 Liabilities and Stockholders' Equity Current liabilities 91,000$82,000