2017 2016 Assets Current assets Cash and investments (current) 85,618 57,000 Account Receivable Trade 50,586 36,327 Other 2,264 2,185 Inventory 13,417 7,361 Prepaid expenses 1,348 812 Total current assets 153,233 103,685 Property, plant, and equipment (net) 38,189 28,605 Total assets 191,422 132,290 Liabilities Current liabilities Accounts payable 8,487 5,391 Accrued liabilities 10,722 6,073 Income taxes payable 4,930 7,400 Total current liabilities 24,139 18,864 Long-term debt 2,330 2,192 Total liabilities 26,469 21,056 Equity Common shares 89,732 68,516 Retained earnings 75,221 42,718 Total equity 164,953 111,234 Total liabilities and equity 191,422 132,290 Natural Play Corporation Balance Sheet November 30, 2017, and November 30, 2016 2017 2016 Net Sales 164,313 105,027 Cost of goods sold 35,940 24,310 Gross profit 128,373 80,717 Expenses: Advertising 34,390 20,579 Selling, general and administrative 30,833 18,005 Research and development 10,888 6,256 Depreciation 6,137 4,079 Loss (gain) on foreign exchange 1,546 - 480 Total expenses: 83,794 48,439 Profit from continuing operations 44,579 32,278 Interest income 2,959 2,482 Less: Interest expense 98 93 Profit from continuing operations before taxes 47,440 34,667 Income taxes 14,937 13,814 Profit 32,503 20,853 Required: Marks 1- Prepare Comparative Balance Sheet - Horizontal Analysis 10 2- Prepare Comparative Income Statement - Horizontal Analysis 10 3- Prepare Common-Size Balance Sheet - Vertical Analysis 10 4- Prepare Common-Size Income Statement - Vertical Analysis 10 5- Calculate following and also provide formula and working: a Working Capital 3 b Current Ratio 3 c Quick or acid-test ratio 3 d Account receivable turnover 3 e Days sales uncollected 3 f Inventory turnover 3 g Days sales in inventory 3 h Total asset turnover 3 i Account payable turnover 3 j Debt ratio 3 k Equity ratio 3 l Times interest earned 3 m Profit margin 3 n Gross profit ratio 3 o Return on total assets 3 p Book value per share 3 q Earning per share 3 r Price-earning ratio 3 s Dividend yield 3 t Return on common shareholder's equity 3 Total Marks 100 Natural Play Corporation Income Statement November 30, 2017, and November 30, 2016