Current Year Prior Year

Sales revenue $$844,000$ $$701,500$

Cost of goods sold $556,000478,000$

Gross profit on sales $288,000223,500$

Selling and administrative expenses $235,000178,000$

Income before interest expense and income taxes $53,00045,500$

Interest expense $20,80017,500$

Income before income taxes $32,20028,000$

Income tax expense $14,10012,600$

Net income $$18,100$ $$15,400$

Other financial data $($thousands of dollars$)$

Cash provided by operating activities $$30,000$ $$25,000$

Preferred stock dividends $4,8004,800$TABLE $1$

$($Thousands $"$of Dollars$)$

Dec. $31,$ Current Year" Dec. $31,$ Prior Year

Assets

Cash $$25,000$ $$20,100$

Accounts receivable $($net$)43,00025,400$

Inventory $109,00076,000$

Prepaid expenses $5,5007,000$

Plant and other assets $($net$)467,500431,500$

Total Assets $$650,000$ $$560,000$

Liabilities and Stockholders' Equity

Current liabilities $$80,000$ $$49,000$

$9\%$ Bonds payable $191,500154,000$

$8\%$ Preferred stock, $$50$ Par Value $64,00064,000$

Common stock, $$10$ Par Value $229,000229,000$

Retained earnings $85,50064,000$

Total Liabilities and Stockholders' Equity $$650,000$ $$560,000$ a$.$ Calculate the following for each year: current ratio, quick ratio, operating$-$cash$-$flow$-$to$-$current liabilities ratio $($current liabilities $1$ of the prior year$),$ inventory turnover $($inventory was $$68$ million at January $1$ of the prior year$),$ debt$-$to$-$equity ratio, times$-$inter assets $($total assets were $$472$ million at January $1$ of the prior year$),$ and return on common stockholders' equity $($common stock million at January $1$ of the prior year$).$

b$.$ Calculate common size percentage for each year's income statement.

Round answer to two decimal places.

Current ratio:

Quick ratio:

Operating$-$cash$-$flow$-$to$-$current$-$liabilities ratio:

Inventory turnover:

Debt$-$to$-$equity ratio:

Times$-$interest$-$earned ratio:

Return on assets:

Return on common stockholders' equity:

Round answers to one decimal place.

Current Year

Prior Year