1. Brown Bat Companys income statement and balance sheets are displayed below.

Income Statement Year Ended 12/31/18
Sales	450,000
Cost of Goods Sold	200,000
Gross Profit	250,000
Selling & Admin Expenses	160,000
Net Operating Income	90,000
Interest Expense	9,000
Net Income	81,000

Balance Sheet 12/31/18
Assets		Liabilities
Cash	25,000	Accounts Payable	25,000
Accounts Receivable	35,000	Notes Payable (L/T)	75,000
Inventory	40,000	Total Liabilities	100,000
Equipment	125,000
		Stockholders Equity
		Common Stock	45,000
		Retained Earnings	80,000
		Total Stockholders Equity	125,000
Total Assets	225,000	Total Liab & S/E	225,000

Additional Information:

1. 2017 Total Assets=$210,000
2. 2017 Total Stockholders Equity=$105,000
3. Average Common Shares Outstanding=70,000

Required:

Preform financial analysis by calculating the following ratios

• Working Capital
• Current Ratio
• Acid-Test(Quick Ratio)
• Debt Ratio
• Rate of Return on Assets
• Asset Turnover Ratio
• Return on Equity
• Earnings Per Share
• Times Interest Earned Ratio
• Debt to Equity Ratio