$32,000 70.000 $102,000 900.000 $1,002,000 834.000 $1.836.000 The Cypress Corporation's Annual Report contained the following information: Balance Sheet as of December 31, 20XX Cash $72,000 Accounts Payable Accounts Receivable 439.000 Other Short-term Payables Inventories 594,000 Total Current Liabilities Total Current Assets $1,405,000 Long-term Debt Total Liabilities Plant, property, equip 731.000 Total Common Equity Total Assets $1.836.000 Total Liabilities & Equity Income Statement for the year ending December 31, 20XX Sales $4,290,000 Cost of Goods Sold 3.580.000 Gross Operating Profit $ 710,000 General Adm & Selling Exp 236,320 Depreciation 159.000 Misc Expenses 94.000 Earnings Before Interest and Taxes $ 220,680 Interest Expense 40.000 Earnings Before Taxes $ 180,680 Taxes (40%) 72 272 Net Income 108.408 Calculate the following (and show your work!) financial ratios for Cypress, compare them with the industry average data provided and comment if each ratio signifies a strength, weakness or neither for Cypress. (24 points) Ratio Calculation (2 points each) Industry Average Strength, Weakness, or Neither (1 point each) Total Asset Tumover 400