1. Find the consolidated financial statements for Garmin LTD for the year ended December 31, 2016 and compute the following ratios: current ratio, debt to assets ratio, and return on equity ratio. (Form 10-K, search online). Show your calculations.

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS Garmin Ltd. and Subsidiaries (In thousands) Additions Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Balance at End of Period Deductions Description Year Ended December 31, 2016 Deducted from asset accounts Allowance for doubtful accounts Inventory reserve Valuation allowance- Deferred Tax Asset2,781 1966(125 4,622 $13,805$4,137 26,458 ($3,273) $14,669 (32,077) 40,452 46,071 Total $62,657 32,561 $35475$59,743 Year Ended December 26, 2015 Deducted from asset accounts Allowance for doubtful accounts Inventory reserve Valuation allowance Deferred Tax Asset $18,330($2,521) 23,257 422 566,823$21,158 ($2,004) $13,805 (14,321) 46,071 2,781 37,135 11,358 8,999 ($25,324 Total Year Ended December 27, 2014: Deducted from asset accounts Allowance for doubtful accounts Inventory reserve Valuation allowance Deferred Tax Asset $20,367 28,381 63,361 112,109 $66 25,903 2,930 $28.899 ($2,103) $18,330 (17,149) 37,135 11,358 ($74,185) $66823 54,933 Total SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS Garmin Ltd. and Subsidiaries (In thousands) Additions Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Balance at End of Period Deductions Description Year Ended December 31, 2016 Deducted from asset accounts Allowance for doubtful accounts Inventory reserve Valuation allowance- Deferred Tax Asset2,781 1966(125 4,622 $13,805$4,137 26,458 ($3,273) $14,669 (32,077) 40,452 46,071 Total $62,657 32,561 $35475$59,743 Year Ended December 26, 2015 Deducted from asset accounts Allowance for doubtful accounts Inventory reserve Valuation allowance Deferred Tax Asset $18,330($2,521) 23,257 422 566,823$21,158 ($2,004) $13,805 (14,321) 46,071 2,781 37,135 11,358 8,999 ($25,324 Total Year Ended December 27, 2014: Deducted from asset accounts Allowance for doubtful accounts Inventory reserve Valuation allowance Deferred Tax Asset $20,367 28,381 63,361 112,109 $66 25,903 2,930 $28.899 ($2,103) $18,330 (17,149) 37,135 11,358 ($74,185) $66823 54,933 Total