(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 72,000 439,000 894,000 $ 1,405,000 431,000 $ 1,836,000 Assets Cash Accounts receivable Inventories 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 $ 602,000 404,290 575,000 254,710 $ 1,836,000 Jimenez Corporation: Forecasted Income Statement for 2017 Sales Cost of goods sold (excluding depreciation) Selling, general, and administrative expenses Depreciation Earnings before taxes (EBT) Taxes (40%) Net income $4,290,000 3,580,000 370,320 159,000 $ 180,680 72,272 $ 108,408 bon Jimenez Corporation: Per Share Data for 2017 $ 4.71 $ 0.95 EPS Cash dividends per share P/E ratio Market price (average) Number of shares outstanding 5.0 $23.57 23,000 Industry Ratios Quick ratio Current ratio Inventory turnover" Days sales outstanding Fixed assets turnover" Total assets turnover Return on assets Return on equity Profit margin on sales Debt-to-assets ratio Liabilities-to-assets ratio P/E ratio Price/Cash flow ratio Market/Book ratio 1.0 2.7 7.0 32.0 days 13.0 2.6 9.1% 18.2% 3.5% 21.0% 50.0% 6.0 3.5 3.5 Notes: Based on year-end balance sheet figures. Calculation is based on a 365-day year. SHEET