6. Blue owns Blue's Bistro. He thinks that he has performed well this year, and he is trying to analyze the Bistro's perfor mance for the year, but he needs your help! Following are Blue's condensed income statement and statement of retained earnings and investor information for last year and this year. Blue's Bistro Condensed Income Statement and Statement of Retained Earnings and Investor Information For the Periods Ending December 31, Last Year and This Year Last Year ($) This Year (5) INCOME STATEMENT Sales of Sales 552,500 227,075 325,425 160,225 742,205 259,800 182.405 280.275 59,000 Gross Profit Operating Expenses (Excluding Depreciation) Depreciation Operating Income (EBIT) Interest Income Before Income Taxes Income Taxes (40%) Net Income 60.000 105,200 34.000 71,200 28,480 42.720 143,130 15,865 127,267 50,907 76,360 STATEMENT OF RETAINED EARNINGS AND INVESTOR INFORMATION Retained Earnings Retained Earnings, Beginning Net Income Subtotal Cash Dividends Paid Retained Earnings, Ending 154,480 42.720 197,200 20,000 177,200 177,200 76,360 253,560 50,000 203.560 $10.00 Investor Information Market Price Per Share Earnings Per Share $65.00 $6.07 $1.42 This Year ($) Following are the last year and this year balance sheets for Blue's Bistro Blue's Bistro Balance Sheets December 31, Last Year and This Year Last Year ($) ASSETS Current Assets Cash 42.000 Marketable Securities 93,000 Net Receivables 138.000 Inventories 5,000 Total Current Assets 278.000 30,000 80,000 152,000 6.000 268.000 Property and Equipment Less Accumulated Depreciation Net Property and Equipment 1,200,000 200.000 1.000.000 1.091.760 141.000 950,760 TOTAL ASSETS 1.978.000 1,219,760 LIABILITIES AND OWNERS EQUITY Current Liabilities Accounts Payable Notes Payable Accrued Wages Total Current Liabilities 107.000 15.000 38,000 160,000 45,000 59.000 23,000 127.000 Long-Term Liabilities Long Term Debt Total Liabilities 310.800 500,800 138,200 265,200 Owners' Equity Capital Stock Retained Earnings Total Owners' Equity 600,000 177 200 777-200 750,000 203,560 953,560 TOTAL LIABILITIES AND OWNERS' EQUITY 1.278.000 1.218.760 Using Blue's Bistro income statements and balance sheets, analyze the health of Blue's Bistro by calculating the following ratios. Round to the hundredth's place (i.e., 12.34% or 12.34 times). Blue's Bistro Last Year Blue's Bistro This Year Current Ratio Quick Ratio Working Capital Property and Equipment Turnover Times Interest Earned Debt-to-Assets Ratio Profit Margin Return on Assets Return on Equity Price-to-Earnings (P/E) Ratio