2 Palisades Furniture, Inc. Comparative Income Statement Years Ended December 31, 20x5 and 20X4 20xd 20X5 5858.000 513,000 345,000 503.000 500 000 299,000 Net sales Cost of goods sold Gross profit Operating expenses Selling operas Generales Total operating expenses Income from operations Interest revenue Interest expense Income before income Income tax expense Net income 114,000 123.000 27.000 57.000 126,000 118.000 244.000 101.000 4,000 24.000 81.000 33.000 5.18.000 14.000 13.000 17 000 525.000 Palisades Furniture, Inc. Comparative Balance Sheet December 31, 20X5 and 20X4 20X5 20xd MARKET frien Pin SHARI - 5 1,400, SAARE AL $ 29,000 114,000 113,000 6000 262.000 18.000 507 000 $787 000 $32.000 85.000 111.000 8.000 236.000 9.000 399.000 5645.000 OUT ITA.. Assets Current Asses Cash Accountable, net Inventories Prepaid expenses Total current Long term investments Property, plant and equipment, net Total assets Liabilities Current Liabilities Notes payable Accounts payable Accrued liabilities Total current tables Long term debt Toual liabilities Stockholders' Equity Common stock, no ar Rendamine Tocal stockholders Toolblues and stockholders equity 542.000 73.000 27.000 242.000 289.000 $ 27.000 68.000 31.000 225.000 198 000 324 000 1000 156.000 170 000 355.000 5787 000 186 000 1300 320 000 56000 REQUINTO CALCULATE THE RATIOS 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 Eamed 9. Working Capital 10. Gross Margin Percentage 11. Average Sales Period 12. Return on Total Assets 13. Debt to Equity Ratio