Balance Sheet 2016 2017 Change % Cash 62,000 200,000 138,000 223 Accounts Receivable 198,000 300,000 102,000 52 Marketable Securities 80,000 40,000 -40,000 50 Inventories 440,000 360,000 -80,000 -18 Prepaids 3,000 7,000 4,000 133 Total Current Assets 783,000 907,000 124,000 16 Property, Plant, and Equipment, net 857,000 853,000 -4,000 0 Total Assets 1,640,000 1,760,000 $120,000 7 $0 Current Liabilities $250,000 $190,000 60,000 -24 Bonds Payable 400,000 570,000 170,000 43 Common Equity 990,000 1,000,000 10,000 1 Total Liabilities & Equity $1,640,000 $1,760,000 $120,000 7 Income Statement 2016 2017 Change % Sales $1,640,000 $1,574,000 -$66,000 -4.02 Cost of Goods Sold 800,000 725,000 -$75,000 -9.38 Gross Profit 840,000 849,000 $9,000 1.07 SG&A 440,000 430,000 $10,000 -2.27 Interest Expense 40,000 25,000 -$15,000 -37.50 Net Income $360,000 $394,000 $34,000 9.44Common Ratios 2016 2017 Change Current Ratio 3.132 4.774 1.64 Acid Test (Quick Ratio) 1.372 2.879 1.51 Debt to Asset 1.000 1.000 0.00 Inventory Turnover 2.0 1.8 -0.19 Profit Margin 4.556 3.995 -0.56 Asset Turnover 1.000 0.894 -0. 11 Return on Assets (ROA) 22% 22% 0.00 Return on Equity (ROE) 36% 39% 0.03