2013-2014 Sales	$6,300	$7,500
Depreciation	750	950
COGS	3422	3633
Interest	980	996
Cash	200	400
Accts Receivables	200	300
Notes Payable	100	150
Long-term debt	2956	1835
Net fixed assets	8000	9500
Accounts Payable	550	800
Inventory	1800	1700
Payout Ratio	30%	35%
Tax rate	35%	35%

Create the Income Statement for both years.

Create the Balance Sheet for both years.

Create the Statement of Cash Flows for 2014.

What are the PM, ROA and ROE for both years?

What are the D/E, TIE ratio, Current ratio, Quick ratio and NWC for both years?

What is the operating cycle and cash cycle for both years?