Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow Lozano Chip Company: Balance Sheet as of December 31, 2016 (Thousands of Dollars) Cash Receivables Inventories $ 225,000 1,575,000 1,125,000 Total current assets $2,925,000 1,350,000 $601,866 326,634 525,000 $1,453,500 1,068,750 1,752,750 $4,275,000 Accounts payable Notes payable Other current liabilities Total current liabilities Long-term debt Common equity Total liabilities and equity Net fixed assets Total assets Lozano Chip Company: Income Statement for Year Ended December 31, 2016 (Thousands of Dollars) Sales Cost of goods sold Selling, general, and administrative expenses $4,275,000 $7,500,000 6,375,000 825,000 Earnings before interest and taxes (EBIT) 300,000 111,631 $188,369 75,348 $ 113,022 Interest expense Earnings before taxes (EBT) Federal and state income taxes (40%) Net income