2017 2016 Sales $66,000 $64,000 Cost of Goods Sold $41,500 $42,000 Gross Margin $24,500 $22,000 Selling and Administrative Expenses Selling Expenses $11,500 $11,000 Administrative Expenses $7,400 $7,000 Total Selling and Administrative Expenses $18,900 $18,000 Net Operating Income $5,600 $4,000 Interest Expense $800 $800 Net income before taxes $4,800 $3,200 Income Taxes $1,320 $1,280 Net Income $3,480 $1,920 2017 2016 Retained Earnings Beginning of the year $32,610 $31,540 Net Income $3,480 $1,920 Dividends $510 $850 Retained Earnings End of the year $35,580 $32,610 2017 2016 Assets Current Assets: Cash $1,080 $1,210 Accounts receivable, net $9,000 $6,500 Inventory $12,000 $10,600 Prepaid expenses $600 $3,400 Total current Assets $22,680 $21,710 Property and equipment Land $9,000 $9,000 Buildings and equipment, net $36,800 $38,000 Total property and equipment $45,800 $47,000 Total Assets $68,480 $68,710 Liabilities and Stockholders Equity Current Liabilities Accounts payable $17,000 $19,800 Accrued payables $900 $1,200 Notes payable, short term $- $100 Total Current Liabilities $17,900 $21,100 Long-term liabilities Bonds payable $8,000 $8,000 Total Liabilities $25,900 $29,100 Stockholders equity Preferred stock $1,000 $1,000 Common Stock $2,000 $2,000 Additional paid-in capital $4,000 $4,000 Total paid-in capital $7,000 $7,000 Retained earnings $35,580 $32,610 Total stockholders equity $42,580 $39,610 Total liabilities and stockholders' equity $68,480 $68,710

A/R turnover for 2017, 2016

Inventory turnover 2017 2016 (assuming A/R for 2015 was $7000 and inventory was $13000)

Profit margin 2017

Return on Common stockholders equity (Assume Common Stockholders' Equity as of 2015 was $43,000)

Times Interest Earned 2017

Debt to Assets Ratio