Balance Sheet Folder Factory, Inc. December 31, 2014 and 2015
			2015				2014
Assets
Cash			$ 1,000				$ 500
Accounts receivable			5,000				4,500
Inventory			7,000				6,000
Total current assets			$13,000				$11,000
Gross fixed assets	$20,000				$15,000
Less: Accumulated depreciation	10,000				9,000
Net fixed assets			$10,000				$ 6,000
Total assets			$23,000				$17,000
Liabilities and stockholders equity
Accounts payable			$ 2,000				$ 1,500
Notes payable			3,000				2,500
Accruals			500				500
Long-term debt			10,000				6,000
Common stock at par ($1 par)			500				500
Paid-in capital in excess of par			5,500				5,500
Retained earnings			1,500				500
Total liabilities and stockholders equity			$23,000				$17,000

Income Statement Folder Factory, Inc. for the Year Ended December 31, 2015
Sales	$40,000
Cost of goods sold	21,000
Gross profits	$19,000
Operating expenses	13,000
Operating profits	$ 6,000
Interest expense	2,000
Net profits before taxes	$ 4,000
Taxes (40%)	1,600
Net profits after taxes	$ 2,400

Other information (2015):

Depreciation Expense $1000

Tax rate 40%

Operating Profits = Earnings before interest and taxes

	Using the Financial Statements above
Complete the Ratios below:
	2014	2015
Current Ratio
Quick Ratio
Inventory Turnover
Avg Collection Period
Debt Ratio
Times Interest Earned	XXXXXXXXX
Gross Profit Margin
Net Profit Margin
Earnings Per Share
Return on Assets
Return on Equity
P/E Ratio