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Chapter- The following information are taken from the accounts of Gulf Corporation for Food 2015 2014 ITEMS 250,000200,000Total assets 15,000 10,000 Invento 15,000 10,000 Total

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Chapter- The following information are taken from the accounts of Gulf Corporation for Food 2015 2014 ITEMS 250,000200,000Total assets 15,000 10,000 Invento 15,000 10,000 Total current liabili 35,000 30,000 Total current assets 60,000 50,000 Total liabilities 80,000 50,000 Net Income 20,000100,000 Number of shares 80,000 60,000 Cost of 150,000120,000 Sale s sold Required . Use the above information to assess the following ratios in 2014 and 2015 and make your recommendation regarding this company a. Quick ratio of the company b. Debt ratio c Total assets Turnover d Earnings Per Share (EPS)

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