3. Baker Corporation provided the following Statements for 2014-15 Balance Sheet Assets Cash Accounts Receivable 2015 2014 $ $ 40,000 70,000 320,000 350,000 Inventory Total Current Asset 460,000 320,000 820,000 740,000 Gross Fixed Assets 560,000 520,000 Accumulated Depreciation 180,000 150,000 Net Fixed Asset 380,000 370,000 Total Asset 1,200,000 1,110,000 Liabilities & Stockholders' Equity Current Liabilities Accounts Payable 390,000 320,000 Notes Payable 110,000 90,000 Accrued Expense Total Current Liabilities Long Term Debt Total Liabilities 20,000 20,000 520,000 430,000 320,000 350,000 840,000 780,000 Stockholders' Equity Common Stock at par Share Premium Reserve 100,000 100,000 150,000 150,000 110,000 80,000 1,200,000 1,110,000 Retained Earnings Total Liabilities & Stockholders' Equity Income Statement Sales Cogs Gross Profit Operating Expenses 2015 $ 2,200,000 1,420,000 780,000 Operating Income (EBIT) Interest Earnings before Tax (EBT) Tax (30%) 600,000 180,000 29,000 151,000 45,000 106,000 Earnings after Tax (Net Income) Additional Information: 1. Purchased equipments paying $40,000 cash. 2. Annual depreciation expense was $30,000. 3. Paid cash dividend of $76,000. 4. No sale of fixed asset. Required A) Prepare a Cash Flow Statement for the year 2015. (12) B) Calculate the following Ratios for the year 2015 and also indicate the significance of each ratio (18): Current Ratio, Quick Ratio, Accounts Receivable Turnover, Profit Margin, Asset Turnover, ROA, Return on Common Stockholders' Equity, Debt to Asset, Times Interest Earned ratio.