2015 2016 Current Assets Cash $400,000 $180,000 Marketable securities 1614.000 240.000 Accounts Receivable 390,000 283.600 Inventories 676,000 552.500 Total current assets 2,080,000 1.256,100 Net plant & equipment 4.104.450 3,375,000 Total assets 6.184 450 4.631,100 Liabilities Current Liabilities 520,000 427,500 Long term liabilities 1.800.000 750.000 Total Liabilities 2,320.000 1,177,500 Stock holder's equity Common stock 2,000,000 2,000,000 Retained Earnings 1,864,450 1,453,600 Total liabilities and stock 6.184,450 4,631.100 holders' equity Required: (i) Calculate the following ratios for year 2015 and 2016 (10 marks) 2015 2016 1. Quick Ratio 2.7% 1.65x 2. Inventory Turnover Ratio 3. Accounts Receivable Ratio 4. Debt to total Assets Ratio 6.22x 6.61x 10.79x 12.88x 25.42% 37.5% 10% 7.19% 5. Profit Margin Ratio 6. Return on Assets Ratio 6.84% 5.67% 7. PE (ii) Analyze Caylay Technologies Inc. financial performance during 2016 by comparing it with 2015 performance. (30 marks) 6 ratios x 5 marks each = 30 marks Minimum 2 reasons for each ratio with reasonable analysis I explanation is required