10 Points				Bond's Bait and Tackle
						2013 & 2014 Balance Sheets
						($ in thousands)
				2013	2014					2013	2014
		Cash		$70	$180		Accounts payable			$1,350	$1,170
		Accounts receivable		$980	$840		Long-term debt			$720	$500
		Inventory		$1,560	$1,990		Common stock			$3,200	$3,500
		Total		$2,610	$3,010		Retained earnings			$940	$1,200
		Net fixed assets		$3,600	$3,360
		Total assets		$6,210	$6,370		Total liabilities & equity			$6,210	$6,370
			Bond's Bait and Tackle
			2014 Income Statement
			($ in thousands)
		Net sales		$5,680
		Cost of good sold		$4,060
		Depreciation		$420
		EBIT		$1,200
		Interest paid		$30
		Taxable income		$1,170
		Taxes		$410
		Net Income		$760
		1)	What is the times interest earned ratio for 2014?
		2)	What is the debt-equity ratio for 2014?
		3)	What is the equity multiplier for 2014?
		4)	What is the return on equity for 2014?
		5)	In 2014, how many days on average did it take Mr. Bond to sell his inventory?