concluaions based on your ratio analysis

TARL GREY GOL CORP 2017 / 2018 Sunt of Financial Position 2017 2012 2017 2014 Current Current labitides $ 21,046 24255 Aecounts payable $ 213 21420 Accounts receivable 12.448 15.23 Notes payable 12.000 10.000 25,392 27.155 Othe TEST 1331 Total $ 61,886 S 66,645 Total S4,755 S51773 Fixed sets Long tom dett 20.000 5.22.000 Net plus and equipment S24,695 $365,744 Omareqalty Common stock and paid is surplus 540,000 $40.000 Retained usluge 2198 30.105 Total 239.00 $336,581 Total assets 302.79 Totat tables and emerxequity 36H BARI, GREY GOU CORP 2018 Student of Compraselecom 16.996 Sales 2312 12.30 SELASA Cout of goods sold Deprecludes Feries before interesad tax Interest paid Taxable income H100 56,154 21,574 Taxes (355) $41,730 Net Income $20,000 Dividends 21170 Addition to retained earnings 1.32 1.24 a. Current ratio b. Quick ratio 0.78 0.73 0.51 0.45 c. Cash ratio Asset utilization ratios: 2018 d. Total asset turnover ratio 0.85 e. Inventory Turnover Ratio 9.32 f. Receivable Turnover Ratio 24.09 Long-term solvency ratios: 2017 2018 9. Total debt ratio 0.33 0.34 h. Debt-equity ratio 0.49 0.52 1. Equity multiplier 1.49 1.52 2018 J. Times interest earned 5.71 k Cash coverage ratio 7.96 Profitability ratios: 2018 L Profit Margin 11.93% m. Return on Asset Ratio 10.13% n. Return on Equity 15.44% Conclusions based on your ratio analysis