3. Given the following balance sheet, fill in the ratio values for 2013 and discuss how these results compare with both the industry average and prior average performance of Sophie SOPHIE ENTERPRISES CONSOLIDATED BALANCE SHEET YEARS ENDED DECEMBER 31, 2012 AND 2013 Assets (S Thousands) Cash Receivables Inventories 2013 2012 s 100 $ 90 220 170 Total current assets 650 490 1,850 1,650 330 225 1,500 1,425 Property, plant, and equipment Net properties Intangibles Total assets 2.300 2,065 LIABILITIES AND SHAREHOLDERS' EQUITY 2013 2012 Accounts payable Short-term bank notes Current portion of long-term debt $ 85 $ 105 125 110 75 Total current liabilities Long-term debt Deferred taxes Preferred stock (10%, $100 par) Common stock ($2 par, 100,000 issued) Additional paid-in capital Retained earnings 350 300 625 540 100 80 150 150 200 200 325 325 550 470 10.75 995 2.300 2,065 Common shareholders' equity Total liabilities and shareholders' equity SOPHIE ENTERPRISES CONSOLIDATED STATEMENT OF INCOME YEARS ENDED DECEMBER 31, 2012 AND 2013 IS THOUSANDS) 2013 2012 $3,500 $2.990 2,135 1,823 L.107974 Net sales Cost of goods sold Selling, general, and administrative expenses Operating profit Net interest expense Income from operations Income taxes Net income Preferred dividends Net income available for common Dividends declared 258 62 195 193 139 91 129 15 114 40 76 30