A B C D E F G H M N O Exercises Twin Oak Corp has the following comparative balance sheet data. $ Cash Receivables (net) Inventory LT Investments Plant and equipment (net) Twin Oak Corp Balance Sheet December 31 2014 $ 25.000 50,000 90,000 75.000 400.000 $6.10.000 70,000 80,000 345.000 145.000 $6.40.000 2013 20.000 45.000 95.000 70,000 370,000 $600.000 75,000 85.000 315.000 125,000 $600.000 2012 $ 18.000 48.000 64,000 45.000 358,000 $533.000 $ 70,000 50.000 300.000 113,000 $933.000 $ Current liabilities Long-term debt Common stock, $10 par Retained Earnings Outstanding shares average 000 Shares BESUCHE Twin Oak Corp Income Statement For the Year Ended December 31 2014 Sales revenue $710.000 Less: Sales returns and allowances 40,000 Net sales 700.000 Cost of goods sold 420.000 Gross profit 280.000 Operating expenses (including income ta 238.000 Net income S2000 2013 $700,000 60.000 640.000 400.000 240,000 208.000 S2000 Exercise 1 Exercise 2 Exercise Exercise 4 Exercises Type here to search 352 - co E F 6 B H Additional information: The market price of the common stock was: $5.50 $7.25 $8.15 for 2012 for 2013 for 2014 All dividends are paid in cash 42 Compute for 2013 1 Profit margin 2 gross profit rate 3 A/R turnover 4 Inv turnover 5 EPS 6 PE ratio 7 debt to total assets 8 return on common equity 9 current ratio 10 quick ratio Compute for 2014 1 Profit margin 2 gross profit rate 3 A/R turnover 4 Inv turnover 5 EPS 6 PE ratio 7 debt to total assets 8 return on common equity 9 current ratio 10 quick ratio 46 47 48 49 50 52 Based on these ratios discuss the financial position of Twin Oak Corp