1. Calculate the following ratios for Archer Inc.:

1. Current ratio
2. Working capital
3. Quick ratio
4. Inventory turnover
5. Average days to sell inventory
6. Debt ratio
7. Equity ratio
8. Profit margin
9. Return on assets
10. Asset turnover
11. Return on equity
12. Book value per share
13. Earnings per share
14. Price-earnings ratio

Archer Inc. Income Statement Amount % 250,000 100.60% 1,500 0.60% 248,500 100.00% 8,250 3.32% 161,625 65.04% 15,000 6.04% 154,875 62.32% 93,625 37.68% 45,000 18.11% 25,000 10.06% 23,625 9.51% 9,450 3.80% 14,175 5.70% Sales Less: Returns and Allowances Net Sales Beginning Inventory Net Purchases Ending Inventory Total Cost of Goods Sold Gross Profit Selling Expenses Administrative Expenses Income Before Taxes Income Tax Expense Net Income Archer Inc. Balance Sheet Amount % Assets Current Assets Cash 55,000 42.97% Net Accounts Receivable 28,000 21.88% Net Inventory 15,000 11.72% Short-term Investment 0 0.00% Total Current Assets 98,000 76.56% Fixed Assets Fixed Assets 35,000 27.34% Accumulated Amortization 5,000 3.91% Net Fixed Assets 30,000 23.44% Intangible Assets Goodwill 0 0.00% Accumulated Amortization 0 0.00% Net Goodwill 0 0.00% Total Assets 128,000 100.00% Liabilities and Shareholders' Equity Current Liabilities Accounts Payable 35,000 27.34% Accruals 5,000 3.91% Total Current Liabilities 40,000 31.25% Long-Term Liabilities Loan Payable 15,000 11.72% Total Long-Term Liabilities 15,000 11.72% Total Liabilities 55,000 42.97% Shareholders' Equity Beginning Balance 10,000 7.81% Prior Retained Earnings 48,825 38.14% Net Income 14,175 11.07% Ending Balance 73,000 57.03% Total Liabilities and Sharehold 128,000 100.00%