Using the nancial statement information from below, create balance sheets and (traditional gross-margin format) income statements for the given years. From those nancial statements determine the following for the most current year:

1) Working Capital

2) Current Ratio

3) Quick Ratio

4) Inventory Turnover

5) Average Sales Period

6) Total Asset Turnover

7) Times Interest Earned Ratio

8) Debt-to-Equity Ratio

9) Gross Margin percentage

10) Cost of Goods Sold percentage 1

11) Net Prot Margin percentage

12) Return on Total Assets

13) Return on Equity

14) Earnings per Share

15) Book Value per Share

Year ended Dec. 31, 2016

Cost of Goods Sold 400,000

Cash 35,000

Selling & Administrative Expenses 160,000

Salaries Payable 40,000

Long-term liabilities 270,000

Finished Goods Inventory 55,000

Accounts Payable 20,000

Interest Expense 8,000

Income Tax Expense 30%

Sales Revenue (all on account) 700,000

Plant, Property, and Equipment, net 300,000

Accounts Receivable 60,000

Common Stock ($1 par) 120,000

Year ended Dec. 31, 2015

Cash 30,000

Accounts Receivable 50,000

Finished Goods Inventory 60,000

Plant, Property, and Equipment, net 320,000

Accounts Payable 20,000

Salaries Payable 20,000

Long-term liabilities 300,000

Common Stock ($1 par) 120,000