Calculate the following ratios for year 2 ONLY:

Current ratio

Total Asset Turnover

Net Profit Margin (Return on Sales)

Return on Equity

Return on Assets

Inventory Turnover

Debt to Equity Ratio

Times Interest Earned (Interest Coverage ratio)

Here are the financial statements:

	Our Company			Our Company			Our Company
	Income Statement			Balance Sheet			Statement of Cash Flows
	For year 2			December 31, year 2			For year 2
Sales	$ 25,000.00		Assets			Operating Activities:
Cost of Goods Sold	$ 11,000.00		Current Assets:			Cash received from sales	$ 27,000.00
Gross Profit	$ 14,000.00		Cash	$ 64,255.00		Cash paid for accounts payable	$ (4,500.00)
Operating Expenses:			Accts. Receivable	$ -		Cash paid for interest	$ (100.00)
Salaries Expense	$ 2,500.00		Supplies	$ 100.00		Cash paid for taxes	$ (545.00)
Utilties Expense	$ 275.00		Prepaid Rent	$ 4,000.00		Cash paid for salaries	$ (2,500.00)
Supplies Expense	$ 600.00		Inventory	$ 3,100.00		Cash paid for utilities	$ (275.00)
Rent Expense	$ 1,000.00		Total Current Assets	$ 71,455.00		Cash paid for advertsing	$ (325.00)
Advertising Expense	$ 325.00					Cash paid for consulting	$ (250.00)
Consulting Expense	$ 250.00					Net Operating Activities	$ 18,505.00
Depr. Expense	$ 500.00		PP&E:
Total Operating Expenses	$ 5,450.00		Equipment	$ 5,000.00		Investing Activities:
Operating Income	$ 8,550.00		Accum Depr	$ (1,000.00)		Cash paid for equipment	$ -
Interest Expense	$ 100.00		Total PP&E	$ 4,000.00
Income before taxes	$ 8,450.00					Financing Activities:
Income tax expense	$ 845.00		Total Assets	$ 75,455.00		Cash received from stock sale	$ -
net income	$ 7,605.00					Cash paid for dividends	$ -
						Net Financing Activities	$ -
EPS	$ 7.61		Liabilities
			Current Liabilities:			Net Activity/Cash flow	$ 18,505.00
			Accts. Payable	$ 8,000.00		Beginning Balance	$ 45,750.00
	Our Company		Interest Payable	$ 100.00		Ending Balance	$ 64,255.00
	Statement of Owners' Equity		Income Tax Payable	$ 845.00
	For year 2		Total Current Liabilities	$ 8,945.00
			LTD:
Stock			Notes Payable	$ 2,000.00
Retained Earnings:
Beginning Balance	$ 1,905.00		Total Liabilities	$ 10,945.00
Net Income	$ 7,605.00
Dividends	$ -		Owners' Equity
Ending Balance	$ 9,510.00		Stock	$ 55,000.00
			Retained Earnings	$ 9,510.00
Total Owners' Equity	$ 9,510.00		Total Owners' Equity	$ 64,510.00