Chapter 13 Analyais and Interpretation of Financial Stateme 602 Balands of Dollars) 31, 2016 Dec. 31, 2015 Dec. 22,000 1,10 21,400 72,000 39,000 Assets Cash Accounts receivable (net) 1,500 463.500 4,000 427 Prepaid expenses. Plant and other assets (net) Total Assets $541,000 $ 77.000 46,000 150,000 60,000 Liabilities and Stockholders' Equity Current liabilities 9% Bonds payable. 896 Preferred stock. S50 par value. . Common stock, $10 par value. Retained earnings 187,500 60,000 225,000 81,500 225,000 60,000 $631,000 $541,000 Total Liabilities and Stockholders' Equity Income Statements of Dollars) 2015 $850,000 $9700 2,000 465,000 298,000 232,500 231,000 174,000 67,000 58,500 17,000 3.500 50,000 45,000 14,100 12,500 Sales revenue Gross profit on sales. Selling and administrative expenses... Income before interest expense and income taxes.. Interest expense.. Income before income taxes . Cash provided by operating activities Preferred stock dividends.. 5,000 4,800 Required a. Calculate the following for each year: current ratio, quick ratio, operating liabilities ratio (current liabilities were $40,000,000 at January 1, 2015), inventory (inventory was $68,000,000 at January 1, 20 tio, return on assets (total assets were $490,000,000 at January 1, 2015), and retum on stockholders' equity (common stockholders' equity was $265,000,000 at January Calculate common-size percentage for each year's income statement. Comment on the results of your analysis. turnover 15), debt-to-equity ratio, times-interest 1, 2015) b. c