Common Size Misty's Hair Salon Comparative Balance Sheets 2015 2016 2017 2018 Assets Current assets Inventories $104 25% $ 123 28% $ 151 32% s 156 30% Prepaid expenses 3 Cash 1% 4 1% 4 1% 5 1% 30 7% 43 10% 70 15% 0% Total current assets 137 33% 170 39% 225 47% 161 31% Long-term assets Land and Building Equipment 256 62% 256 59% 256 53% 351 67% 30 7% 30 7% 30 % Less: Accumulated deplamont (11) -3% (22) -5% (32) -7% 59 (45) -% 11% Total Long-term assets (net) 275 67% 266 61% 254 53% 365 69% Total assets $ 412 100% $ 436 100% $ 479 100% 526 100% Liabilities Current liabilities Current Portion of LTD 1% 7 2% 82% 6 1% Misty's Hair Salon 2017 2018 Trade and other payables $ 10 2% $ 15 3% $ 20 4% 25 5% Current Assets Current Ratio 8.04 5.19 Total current liabilities 16 4% 22 5% 28 6% 31 6% Current Liabilities Shareholder loan 50 12% 45 10% 33 7% 35 7% Long Term Debt 147 36% 141 32% 134 28% 170 32% Quick Ratio Total Long Term Liabilities 197 186 167 35% 205 39% Current Assets-Inventory Current Liabilities 2.64 0.16 Total liabilities 213 52% 208 48% 195 41% 236 45% Net Sales-COS Share capital 100 24% 100 23% 100 21% 100 19% Gross Margin 37.40% 35.72% Net Sales Retained eamings 99 24% 128 29% 184 38% 248 47% Total owners' equity 199 48% 220 52% 284 59% 348 66% Total equity and liabilities $ 412 100% $ 436 100% $ 479 100% S 584 111% Profit Margin Net Profit 14.36% 14.21% Net Sales Total Debt Debt to Equity 0.69 0.68 Shareholder's Equity Return on Assets Net Profit Total Assets 46.9% 48.6% Net Profit Return on Equity 79.0% 73.5% Shareholder's Equity Interest Coverage EBIT Interest 22.1 32.4 EBIT+Curr Ltd+Leases Debt Coverage 14.8 21.2 Interest + Current Ltd + Leases