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Calculate this company's most recent: (A) quick (acid test) ratio, (B) current ratio, and (C) Total Asset Turnover. Income Statements Sales 2013: $36,149 2014: $38,063

Calculate this company's most recent: (A) quick (acid test) ratio, (B) current ratio, and (C) Total Asset Turnover.

Income Statements

Sales 2013: $36,149 2014: $38,063

Cost of Goods Sold 2013: $28,821 2014: $29,624

Gross Profits 2013: $7,328 2014: $8,439

Selling, General and Administrative Expenses 2013: $2,123 2014: $1,983

Operating Income 2013: $5,205 2014: $6,456

Interest Expense 2013: $466 2014: $409

Other Income 2013: $919 2014: $580

Earnings Before Taxes 2013: $5,658 2014: $6,627

Income Taxes 2013: $2,049 2014: $2,314

Net Income (Loss) 2013: $3,609 2014: $4,313

Common Shares Outstanding 2013: 1,875 2014: 1,948

Earnings Per Share 2013: $1.92 2014: $2.21

********** BALANCE ********** SHEETS ***********

Assets

Cash and Equivalents 2013: $3,417 2014: $2,722

Receivables 2013: $4,854 2014: $5,784

Inventories 2013: $1,271 2014: $1,442

Other Current Assets 2013: $2,347 2014: $2,277

Total Current Assets 2013: $11,889 2014: $12,225

Gross Fixed Assets 2013: $32,475 2014: $32,875

Depreciation 2013: ($17,395) 2014: ($18,373)

Net Fixed Assets 2013: $15,080 2014: $14,502

Other Assets 2013: $36,148 2014: $42,479

TOTAL ASSETS 2013: $63,117 2014: $69,206

Liabilities

Accounts Payable 2013: $5,616 2014: $6,109

ST Notes Payable 2013: $1,206 2014: $2,350

Other ST Liabilities 2013: $2,112 2014: $2,541

Total Current Liabilities 2013: $8,934 2014: 11,000

Long Term Debt 2013: $11,495 2014: $10,130

Deferred Taxes 2013: $1,819 2014: $2,630

Other Liabilities 2013: $5,444 2014: $6,104

TOTAL LIABILITIES 2013: $27,692 2014: $29,864

Equity

Common Stock 2013: $4,345 2014: $5,073

Retained Earnings 2013: $31,080 2014: $34,269

Total Equity 2013: $35,425 2014: $39,342

TOTAL LIABILITIES

AND OWNERS EQUITY 2013: $63,117 2014: $69,206

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