Alligator Clothing Company Balance Sheet December $31,2014$ and December $31,2015$

$2014$

Liabilities & Owners Equity

Current Liabilities

Accounts Payable

Notes Payable

Total

Long Term Debt

Owner's Equity

Common Stock & Paid In Surplus

Accumulated Retained Earnings

Total

Total Liabilities & Owner's Equity

$2015$

Assets

Current Assets

$$124,000,000,$$$144,000,000$

$$1,412,000,000,$$$1,039,000,000$

$$1,536,000,000,$$$1,183,000,000$

$$1,804,000,000,$$$2,077,000,000$

$$300,000,000,$$$300,000,000$

$$2,356,000,000,$$$2,442,000,000$

$$2,656,000,000,$$$2,742,000,000$

$$5,996,000,000,$$$6,002,000,000$

Alligator Clothing Company $2015$ Income Statement

Sales

Cost of Goods Sold

Depreciation

EBIT

Interest Paid

Taxable Income

Taxes

Net Income

Dividends

Retained Earnings

$$3,756,000,000$

$$2,453,000,000$

$$490,000,000$

$$813,000,000$

$$613,000,000$

$$200,000,000$

$$68,000,000$

$$132,000,000$

$$46,000,000$

$$86,000,000$

Calculate the following ratios for both years:

Short$-$Term Solvency Ratios: Current Ratio, Quick Ratio, Cash Ratio

Asset Utilization Ratios: Total Asset Turnover, Inventory Turnover, Receivables Turnover

Long Term Solvency Ratios: Total Debt Ratio, Debt$-$Equity Ratio, Equity Multiplier, Times Interest Earned Ratio, Cash

Coverage Ratio

Profitability Ratios: Profit Margin, Return on Assets, Return on Equity