A. You are on the Board of Directors reviewing the performance of WestCoast Ski and Boards Inc. Analyze the following financial data of West Coast for the 2019 and 2018 years to answer the following questions. Balance Sheets Assets Cash Short-term investments Accounts receivable Inventories Total current assets Gross fixed assets Less: accumulated depreciation Net fixed assets Total assets 2019 2018 13,400 S 10,852 30,000 41.000 634,800 602,026 1.319.852 1,348,620 1.998,052 2,002,498 1,486,500 1.350.950 440.080 305,280 1.046,420 1.045,670 3,044,472 $3,048.168 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock (100,000 shares) Retained earnings Total equity Total liabilities and equity 2019 2018 298,400 S 330,000 600,000 680,000 287-300 292.936 1,185,700 1,302,936 870,000 950,000 460,000 460,000 528,272 335.232 988.772 795.232 3.044.472 S.3.048.168 Income Statements 2019 2018 Sales 6,740,600 S 6,126,400 Cost of goods sold 5,680,100 5,096,000 Other expenses 472,000 624,000 Depreciation 134.800 115.400 Total operating costs 6,286,900 5,835,400 EBIT 453,700 291,000 Interest expense 97,800 115.000 EBT 355.900 176,000 Taxes (40%) 142.360 70.400 Net income $213.540 $ 105,600 Dividends paid $20,000 $10,000 Other Data 2019 2018 Stock price S20 $10 VAC 100 100 Common Size Balance Sheets Assets 2019 Cash Short term investments Accounts receivable Inventories Total current assets Gross fixed assets Less accumulated depreciation Net fixed assets Total assets 2018 Indust .4% 0.396 0.3% 19.8% 22.4% 44.2% 41.29 65.7% 64.19 44.32% 53.9% 10.02% 18.0% 34.3% 35.9% 100% 100.0% Labilities and Equity 2019 2018 Industry 10.8% 22.3% 9.6% Accounts payable Notes payable Accruals Total current liabilities Long-term debi Common stock Retained earnings Total equity Total liabilities and equity 42.7% 31.2% 15.1% 11% 26% 100% 11.99% 2.4% 9.59 23.7% 26.3% 20.0% 30.0% 50.0% 100.096 Common Size Income Statement 2019 2018 Industry Sales 100% 100.0% Cost of goods sold 83.2% 84.5% Other expenses 10.2% 4.4% Depreciation 1.9% 4,0% Total operating costs 95.3% 92.9% EBIT 4.75% 7.1% Interest expense 1.9% 1.1% EBT 2.9% 5.9% Taxes (40%) 1.1994 2.4% Net Income 1.72% 3.6% Financial Ratios 20 2018 Industry Avg 19 Current Quick Inventory Turnover Days Sales Outstanding Fixed Asset Turnover Total Asset Turnover Debt ratio TIE Profit Margin Return on Assets Return on Equity Price/Earnings 1.5X 0.5X 4.5X 35.9 5.9X 2.0X 53% 2.53X 1.725 3.46% 2.7X 1.OX 6.1X 32 7.OX 2.5X 28.7% 6.2X 3.6% 9.0% 17.9% 12.4X 8.5X What was the company's Economic Value Added (EVA) for 2019? Did the company increase its Market Value Added (MVA) between 2018 and 2019 Perform Ratio Analysis for 2019 year