a. Access Corrigans liquidity position and determine how it compares with peers and how the liquidity position has changed over time.

d. Access Corrigans profitability ratios and determine how they compare with peers and how its profitability position has changed over time.

Font Paragraphi Styles 10 11 12 B Corrigan Corporation's December 31 Balance Sheets Assets Cash Accounts receivable Inventories Total current assets Land and building Machinery Other fixed assets Total assets 2012 $ 72,000 439.000 894,000 $ 1,405,000 238,000 132,000 61,000 $ 1,836,000 2011 $ 65,000 328,000 813,000 $ 1,206,000 271,000 133,000 57,000 $ 1,667,000 Liabilities and equity Accounts and notes payable Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 432,000 170,000 $ 602,000 404,290 575,000 254,710 $ 1,836,000 $ 409,500 162,000 $ 571,500 258,898 575,000 261,602 $ 1,667,000 Corrigan Corporation's December 31 Income Statements 2012 Sales $ 4,240,000 2011 $ 3,635,000 Cost of goods sold Gross operating profit 3,680,000 560,000 2.980,000 $ 655,000 $ General admin and selling expenses 136,320 113.550 Font Paragraphi Styles 10 11 12 B Corrigan Corporation's December 31 Balance Sheets Assets Cash Accounts receivable Inventories Total current assets Land and building Machinery Other fixed assets Total assets 2012 $ 72,000 439.000 894,000 $ 1,405,000 238,000 132,000 61,000 $ 1,836,000 2011 $ 65,000 328,000 813,000 $ 1,206,000 271,000 133,000 57,000 $ 1,667,000 Liabilities and equity Accounts and notes payable Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 432,000 170,000 $ 602,000 404,290 575,000 254,710 $ 1,836,000 $ 409,500 162,000 $ 571,500 258,898 575,000 261,602 $ 1,667,000 Corrigan Corporation's December 31 Income Statements 2012 Sales $ 4,240,000 2011 $ 3,635,000 Cost of goods sold Gross operating profit 3,680,000 560,000 2.980,000 $ 655,000 $ General admin and selling expenses 136,320 113.550