2) Palisades Furniture, Inc. Comparative Income Statement Years Ended December 31, 20X5 and 20X4 20X5 20X4 5858.000 513.000 345.000 5803,000 309,000 294,000 Net sales Cost of goods sold Gross profit Operating expenses Selling experts General expenses Total operating expenses Income from operations Interest revenue Interest expense Income before income taxe Income taxe Net Income 114.000 123.000 237 000 57.000 126.000 118.000 244.000 101.000 5.000 24.000 81.000 33.000 $18.000 14,000 43.000 17.000 26,000 Palisades Furniture, Inc. Comparative Balance Sheet December 31, 20x5 and 20X4 20X5 20x4 MARKET PRiese Pin SHARA - 15 1,000, SRAR OL OUTITA.. $ 29,000 114,000 113,000 6 000 262.000 18.000 507.000 5797 000 5 32.000 85,000 111.000 8.000 236.000 9.000 399.000 5614,000 Assets Current Assets Cash Accounts receivable, Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment, net Totale Liabilities Current Liabilities Notes payable Accounts payable Accrued liabilities Total current liabilities Long-term debt Tocal liabilities Stockholders' Equity Common stock, no ar Hey gured tap 1 Toul stockholders equity Toallabies and stockholders' equity $42.000 73,000 27000 142.000 259.000 1000 5 27.000 68.000 1.000 126.000 198.000 324.000 155.000 170 000 356 000 5787000 136.000 134.000 320 000 5614000 REQUINTO CALCULATE THE RATES ON THE NEXT PAGE 2. 1. Current Ratio 2. Acid Test 3. Receivable Turnover 4. Inventory Turnover 5. Price-earning Ratio 6. Dividend Yield 7. Average Collection Period 7. 8. Times Interest Earned 9. Working Capital 10. Gross Margin Percentage 11. Average Sales Period 12. Return on Total Assets 13. Debt to Equity Ratio