calculate ratios for year 1 and year 2. since opening balance numbers are not presented do not use averages when calculating the ratios for year 1. instead use the number presented on the year 1 balance sheet

Revenues $ 219, 300 $ 182, 409 Expenses Cost of goods sold 125, 300 101, 100 Selling expenses 20, 600 18, 600 General and administrative expenses 11, 000 10, 000 Interest expense 2 , 700 OOL'Z Income tax expense OOE 6T 17, 200 points Total expenses 178 , 900 149 , 600 Net income $ 40, 400 $ 32, 800 eBook Assets Current assets Print Cash tA 5, 100 $ 8, 000 Marketable securities 1, 500 OOs'T References Accounts receivable 35, 300 31, 600 Inventories 100, 200 94, 200 Prepaid expenses 4 , 100 3, 100 Total current assets 146, 206 138, 400 Plant and equipment (net) 107, 000 One 'LOT Intangibles 20 , 560 Total assets $ 273, 700 $ 245, 400 Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable 39 . 300 $ 34, 500 Other 16, 190 16, 800 Total current liabilities 51, 300 Bonds payable 54. 960 65, 900 Total liabilities 120, 360 117, 206 Stockholders' equity Common stock (46, 000 shares ) 1 13 , 900 113 , 900 Retained earnings 39 , 500 14 , 300 Total stockholders' equity 153, 406 128, 200 Total liabilities and stockholders' equity 273, 706 245 , 400