3) Given the balance sheet and income statement for Simmons Maintenance Company, compute the ratios below. The "right answer" refers to the question of whether a particular ratio for Simmons is better or worse than the industry average. SIMMONSMAINTENANCECOMPANY BalanceSheet Assets Cash Accts. Receivable Inventory Current Assets Net Capital Assets Total Liabilities & Total Assets Sales: (80% credit) $15,000 22,000 30,000 67,000 73,000 $140,000 Liabilities Accounts Payable Notes Payable Accrued Expenses Current Liabilities Long-term Debt Shareholders' Equity Shareholders' Equity Income Statement $120,000 $21,000 20,000 5,000 46,000 30,000 64,000 $140,000

3) Given the balance sheet and income statement for Simmons Maintenance Company, compute the ratios below. The "right answer" refers to the question of whether a particular ratio for Simmons is better or worse than the industry average. SIMMONSMAINTENANCECOMPANY 3) Given the balance sheet and income statement for Simmons Maintenance Company, compute the ratios below. The "right answer" refers to the question of whether a particular ratio for Simmons is better or worse than the industry average. SIMMONSMAINTENANCECOMPANY