Comparative Income Statement For NIKI Corporation Year 2016 Year 2015 Net Sales 3,295,679 2,960,409 Cost of Goods Sold 2,121,789 1,955,553 Operating Expenses 749,002 665,015 Earnings Before Tax 424,888 339,841 Income Tax 166,464 129,140 Net Income 258,424 210,701 Comparative Statement of Financial Position for NIKI Corporation Assets Year 2016 Year 2015 Current Assets Cash 460,332 243,302 Short Term Investments 83,479 0 Accounts Receivble 15,225 9,886 Inventory 331,155 365,692 Prepaid Expenses 66,229 71,897 Total Current Assets 956,438 690,777 Non Current Assets Furniture 128,670 288,219 Equipment 404,952 116,623 Buildings 556,858 490,791 Accumulated Depreciation <350,058> <245,265> 740,422 650,368 Other Assets 66,257 38,103 Total Assets 1,763,117 1,379,248 Liabilities and Stock Holders Equity Year 2016 Year 2015 Current Liabilities Notes Payable 7,603 0 Accounts Payable 216,664 193,375 Accured Expenses 163,350 128,301 Income Tax Payable 70,431 10,624 Accrued Wages 4,196 2,828 Total Current Liabilities 462,244 355,128 Long Term Liabilities Long Term Debt 75,000 75,000 Other Long Term Liabilities 99,398 81,281 174,398 156,281 Shareholder's Equity Common Stock 7,787 7,733 Additional Paid in Capital 184,306 151,107 Retained Earnings 934,382 728,999 1,126,475 887,839 Total Liabilities and Stockholders Equity 1,763,117 1,379,248 REUIRED: 1) Evaluate the profit performance 2) Comment on the assets ,liabilities and owners equity 3) Comment on the ability of the Corporation to increase its assets 4) Evaluate the information from (i) two liquidity ratios (ii) four debt management ratios (iii) four profitability ratios (iv) three operating ratios 4) Evaluate the information from (i) two liquidity ratios (ii) four debt management ratios (iii) four profitability ratios (iv) three operating ratio