Danfield Furniture Company (DFC) Comparitive statement of Financila Position December 31, 2015 and 2014 Danfield Furniture Company (DFC) Income Statement December 31, 2015 and 2014 2015 2014 2013 015 Current Assets Cash ccounts Receivable 2014 Net sales Cost of Goods Sold Gross Profit Operating Expenses Operating income 483,000 458,000 244.000 234,000 239,000224,000 145,000 137,000 94,000 14,000 95,000 98000 104,000 114000 107,000 161,000 151000 193,000 Ex 38,000 28000 98,000 391,000 96,000 175,000 150,000 Total current assets 87,000 24,000 Interest expense Income before tax Income Tax expense Net Income Property, plan, and equipment (net) Total Assets 80,000 63,000 594,000 566,000 28,000 24 52,000 39,000 Total Current Liabilities Long term liabilities: Total Liabilities Preferred Shares, 8% Common shares 212,000 228,000 29,000 116,000 41,000 344,000 99,000 99,000 54,000 12300097,000 Total Liabilities and sharholders equity Other information: 594,000 566,000 Common shares outstanding were 17,000 in 2015 and 15,000 All sales made on credit, and full amount of preferred dividends was paid Days in the year Preferred shares divedends rate Required Prepare the following financial ratios for DFC: in 2014 365 8% 1-Current Ratio 2- Inventory turnover 3- Day's Dales in Inventory 4- Accounts Receivable turn over 5 Day's Sales in Receivanle 6 Fixed Asset Turnover 7- Debt Ratio 8- Debt to Equity Ratio 9- Return on Sales 10- Earning,per share 6- Fixed Asset Turnover 7- Debt Ratio 8- Debt to Equity Ratio 9- Return on Sales 10- Earning per share