1.In which year is the company managing its receivables most efficiently?

2012

2013

It is not possible to tell with the data given.

2014

2. In which year does it take the company the longest amount of time to pay its bills?

2013

It is not possible to tell with the data given.

2014

2012

A B C D E INCOME STATEMENTS (S IN THOUSANDS) 2012 2013 2014 1 2 3 4. 5 6 7 8 9 10 11 12 13 14 15 16 17 NET SALES $ COST OF GOODS SOLD $ GROSS PROFIT (MARGIN) SELLING, GENERAL & ADMINISTRAI $ DEPRECIATION $ EBIT INTEREST TAXABLE INCOME TAXES NET INCOME 2,760 1,856 $904 406 200 $298 14 $284 $85 $199 $3,202 $2,172 $1,030 $478 $230 $322 $25 $297 $89 $208 $3,784 $2,568 $1,216 $550 $247 $419 $21 $398 $119 $279 TAX RATE MARKET PRICE PER SHARE($) SHARES OUTSTANDING(MILLIONS) $ 30% 32.00 $ 143 30% 38.00 $ 143 30% 33.00 143 B C D E F G . 19 20 BALANCE SHEETS (S IN THOUSANDS) 21 22 ASSETS 2012 2013 2014 LIABILITIES 2012 2013 2014 23 24 CASH $ 236 $ 276 $ 341 ACCOUNTS PAYABLE $ 204 $ 288 $ 332 25 ACCOUNTS RECEIVABLE $ 320 $ 642 $ 722 ACCRUED EXPENSES $ 192 $ 335 $ 343 26 INVENTORY $ 388 $ 512 $ 595 SHORT-TERM DEBT $ 243 $ 491 $ 503 27 28 TOTAL CURRENT ASSETS $ 944 $1,430 $1,658 TOTAL CURRENT LIABILITIES $ 639 $ 1,114 $ 1,178 29 30 NET FIXED ASSETS $1,572 $1,691 $1.822 LONG-TERM DEBT $ 289 $ 324 $ 398 31 OTHER LIABILITIES $ 147 $ 154 $ 239 32 33 TOTAL LIABILITIES $ 1,075 $ 1,592 $ 1.815 34 35 OWNERS' EQUITY 36 COMMON EQUITY $ 1,441 $ 1,529 $ 1,665 37 38 TOTAL LIABILITIES AND 39 TOTAL ASSETS $2,516 $3,121 $3,480 OWNERS' EQUITY $ 2,516 $ 3.121 $3,480 40