Calculate the following liquidity ratios for the end of 2018.

a. Current ratio

b. Quick ratio Comment on the companys ability to pay off short-term debts.

Calculate the following debt ratios for the end of 2018.

a. Debt to total assets

b. Times interest earned. Would a banker agree to extend a loan to Pinewood? Explain.

Calculate the following asset activity ratios for the end of 2018.

a. Average collection period

b. Inventory turnover

c. Total asset turnover. Comment on Pinewoods asset utilization.

$ 94,001 46.623 47 378 28,685 5,752 12.941 48 427 13,320 4.700 8,620 1.72 Sales Cost of Goods Sold Gross Profit Selling and Administrative Expenses Depreciation and R&D Expense (both tax deductible) EBIT or Operating Income Interest Expense Interest Income Earnings Before Taxes (EBT) Income Taxes Net Income (NI) Earnings per Share Tentacle Acres Company and Subsidiaries Balance Sheet as of End of 2018 (000 dollars) Assets: Cash Marketable Securities Accounts Receivable (grass) Less: Allowance for Bad Debts Accounts Receivable (net) Inventory Prepaid Expenses Plant and Equipment (gross) Less: Accumulated Depreciation Plant and Equipment (net) Land Long-Term Investments Total Assets $ 5,534 962 14,956 211 14.745 10.733 3.234 57 340 29.080 28,260 1,010 2 503 66,971 Chapter 5 Analysis of Financial 3,253 Liabilities: Accounts Payable Notes Payable Accrued Expenses Bonds Payable Stockholders' Equity: Common Stock Retained Earnings Total Liabilities and Equity 6.821 2.389 8,549 45.969 66.971