(3-14) Comprehensive Ratio Analysis The Jimenez Corporation's forecasted 2017 financial statements follow, along with some industry average ratios. Calculate Jimenez's 2017 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses. Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2017 Assets Cash Accounts receivable Inventories $ 72,000 439,000 894,000 $ 1,405,000 431,000 $ 1836,000 Total current assets Fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 332,000 100,000 170,000 $ 602,000 404,290 575,000 254710 $ 836,000 Jime nez Corporation: Forecasted Income Statement for 2017 Sales Cost of goods sold (excluding depreciation) Selling, general, and administrative expenses Depreciation $4,290,000 3,580,000 370,320 159,000 $ 180,680 72,272 $ 108,408 Earnings before taxes (EBT) Taxes (40%) Net income