ASSIGNHENT RESOURCES Carla Vista Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 folow Chater 12 Homework As of December 31 Review Score Bexiew Results tudCurrent assets 399,000 $417.400 1,082,000 776,400 Accounts receivable, net 738,000 Total current assets Property, plant, & equipment, net 2,600,300 2,121,900 8,619,910 8,440,065 Total assets 11,220,210 10,561,96 Liabilities and Stockholders' Equity Current labiitles Long-term debt $3,159,000 2,846,000 3,702,700 3,892,700 6,861,700 ,738,700 58,950 Total Sablities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings 58,900 104,600 4,195,010 3,660,465 3,823,265 Total Eabilities and stockholders equity $11,220,210 10,561,965 Total stockholders equity tion tion 2 tion 3 tion 4 Carla Vista Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2016 2015 Sales revenue (all on account) Cost of goods sold $10,177,200 $9,613,900 5,298,700 4,315,200 2,634,100 1,681,100 308,650 1,372,450 411,735 960,715 Score 5,611,750 4,565,450 2,840,300 1,725,150 300,300 1,424,850 427,455 $997,395 Results by Study ve Gross profit Operating expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income Dividends paid 29,550 413,100 442,650 518,065 3,142,400 $4,195,010 $3,660,465 29,500 433,350 462,850 534,545 3,660,465 Preferred dividends Common dividends Total dividends paid Net income retained Retained earnings, beginning of year Retained earnings, end of year Review Score Bedew Results.brw.Stud(e-f) cate Calculate the following liquldity ratios for 2016. (Round average collectlon perlod to O decmal place, eg. 25 and inventory turnover ratio to 2 decmal places, e.g5.12 Use 365 days for cakculation) Average collection period bInventory turnover Click if you would like to Show Work for this question: Oeen Show.wack days times