2015 2016 Assets Cash $45.00 $50.00 A/R $138.00 $151.00 Inventory $205.00 $138.00 FIRST NAME LAST NAME Total $388.00 $339.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,388.00 $1,539.00 INSTRUCTIONS Liabilities Accounts Payable Notes Payable $307.00 $150.00 $253.00 $125.00 $378.00 When inputting an answer, round your answer to the nearest 4 decimal places.If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 4 decimal places. Total $457.00 Long-Term Debt $500.00 $750.00 Common Stock $400.00 $400.00 Retained Earnings $31.00 $11.00 $1,388.00 $1,539.00 Answers Correct Answers What is the Current Ratio for 2016? 0.9000 Sales What is the Quick Ratio for 2016? 0.5300 Sales $3,893.00 14.4650 $3,114.40 1.5100 Cost of Goods Sold Depreciation EBIT $200.00 $578.60 What is the Times Interest Earned (TIE) for 2016? What is the Debt to Equity (D/E) ratio for 2015? What is the Debt to Equity (D/E) ratio for 2016? What is the Profit Margin (PM) for 2016? What is the Total Asset Turnover (TAT) for 2016? What is the Equity Multiplier (EM) for 2016? What is the Return on Equity (ROE) for 2016? What is the Return on Assets (ROA) for 2016? Interest $40.00 $231.44 Taxes Net Income $307.16