A.

AVERAGE INVENTORY

COST OF GOODS SOLD

CURRENT ASSESTS

CURRENT LIABILITIES

TOTAL ASSESTS

TOTAL LIABILITIES

B.

HIGH OR LOW

STRONG OR WEAK

Balance sheets Income statement 1 Cartwright's Balance Sheets December 31, 2017 and 2016 Cartwright's Income Statement For The Year Ended December 31, 2017 2017 2016 2017 Assets Current assets Cash Short-term investments Accounts receivable Inventory Other current assets Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income 34,988,900 21,766,030 13,222,870 5,088,250 8,134,620 217,800 7,916,820 1,925,750 5,991,070 $ 1,200,000 $ 203,200 100,800 4,676,000 508,000 810,000 260,000 378,500 4,190,000 409,500 6,048,000 11,620,000 Total current assets $ 6,688,000 $ 11,437,000 Other noncurrent assets Balance sheets Income statement 1 Cartwright's Balance Sheets December 31, 2017 and 2016 Cartwright's Income Statement For The Year Ended December 31, 2017 2017 2016 2017 Assets Current assets Cash Short-term investments Accounts receivable Inventory Other current assets Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income 34,988,900 21,766,030 13,222,870 5,088,250 8,134,620 217,800 7,916,820 1,925,750 5,991,070 $ 1,200,000 $ 203,200 100,800 4,676,000 508,000 810,000 260,000 378,500 4,190,000 409,500 6,048,000 11,620,000 Total current assets $ 6,688,000 $ 11,437,000 Other noncurrent assets