Data table (Click on this icon Click on this icon in order to copy the Income Statement values into a spreadsheet. in order to copy the Balance Sheets values into a spreadsheet) Martin Manufacturing Company Income Statement for the Year Ended December 31, 2019 $5,075,000 3,704,000 $1,371,000 $650,000 416,000 152,000 1,218,000 $153,000 93,000 $60,000 24,000 $36,000 3,000 $33,000 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate= 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders Data table (Click on this icon Click on this icon in order to copy the Income Statement values into a spreadsheet. in order to copy the Balance Sheets values into a spreadsheet) Martin Manufacturing Company Income Statement for the Year Ended December 31, 2019 $5,075,000 3,704,000 $1,371,000 $650,000 416,000 152,000 1,218,000 $153,000 93,000 $60,000 24,000 $36,000 3,000 $33,000 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate= 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders Data table (Click on this icon Click on this icon in order to copy the Income Statement values into a spreadsheet. in order to copy the Balance Sheets values into a spreadsheet) Martin Manufacturing Company Income Statement for the Year Ended December 31, 2019 $5,075,000 3,704,000 $1,371,000 $650,000 416,000 152,000 1,218,000 $153,000 93,000 $60,000 24,000 $36,000 3,000 $33,000 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate= 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders Part 1 of 19 pints: 0 of 100 Assessing Martin Manufacturing's Current Financial Position Terri Spiro, an experienced budget analyst at Martin Manufacturing Company, has been charged with assessing the firm's financial performance during 2019 and its financial position at year-end 2019. To complete this assignment, she gathered the firm's 2019 financial statements (see). In addition, Terri obtained the firm's ratio values for 2017 and 2018, along with the 2019 industry average ratios (also applicab to 2017 and 2018). These are presented in the table on historical and industry average ratios here To Do a. Calculate the firm's 2019 financial ratios, and then fill in the table below. (Assume a 365-day year.) b. Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into evaluations of the firm's liquidity, activity, debt, profitability, and market. c. Summarize the firm's overall financial position on the basis of your findings in part (b). COLLE a. Calculate the firm's 2019 financial ratios, and then fill in the preceding table. (Assume a 365-day year.) Calculate the firm's ratio values for 2019 below: Martin Manufacturing Company Historical and Industry Average Ratios Actual Actual Actual Industry average Ratio 2017 2018 2019 2019 Current ratio 1.7 1.8 1.5 (Round to one decimal place.) Data table (Click on this icon Click on this icon in order to copy the Income Statement values into a spreadsheet. in order to copy the Balance Sheets values into a spreadsheet) Martin Manufacturing Company Income Statement for the Year Ended December 31, 2019 $5,075,000 3,704,000 $1,371,000 $650,000 416,000 152,000 1,218,000 $153,000 93,000 $60,000 24,000 $36,000 3,000 $33,000 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate= 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders Data table (Click on this icon Click on this icon in order to copy the Income Statement values into a spreadsheet. in order to copy the Balance Sheets values into a spreadsheet) Martin Manufacturing Company Income Statement for the Year Ended December 31, 2019 $5,075,000 3,704,000 $1,371,000 $650,000 416,000 152,000 1,218,000 $153,000 93,000 $60,000 24,000 $36,000 3,000 $33,000 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate= 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders Data table (Click on this icon Click on this icon in order to copy the Income Statement values into a spreadsheet. in order to copy the Balance Sheets values into a spreadsheet) Martin Manufacturing Company Income Statement for the Year Ended December 31, 2019 $5,075,000 3,704,000 $1,371,000 $650,000 416,000 152,000 1,218,000 $153,000 93,000 $60,000 24,000 $36,000 3,000 $33,000 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate= 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders Part 1 of 19 pints: 0 of 100 Assessing Martin Manufacturing's Current Financial Position Terri Spiro, an experienced budget analyst at Martin Manufacturing Company, has been charged with assessing the firm's financial performance during 2019 and its financial position at year-end 2019. To complete this assignment, she gathered the firm's 2019 financial statements (see). In addition, Terri obtained the firm's ratio values for 2017 and 2018, along with the 2019 industry average ratios (also applicab to 2017 and 2018). These are presented in the table on historical and industry average ratios here To Do a. Calculate the firm's 2019 financial ratios, and then fill in the table below. (Assume a 365-day year.) b. Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into evaluations of the firm's liquidity, activity, debt, profitability, and market. c. Summarize the firm's overall financial position on the basis of your findings in part (b). COLLE a. Calculate the firm's 2019 financial ratios, and then fill in the preceding table. (Assume a 365-day year.) Calculate the firm's ratio values for 2019 below: Martin Manufacturing Company Historical and Industry Average Ratios Actual Actual Actual Industry average Ratio 2017 2018 2019 2019 Current ratio 1.7 1.8 1.5 (Round to one decimal place.)