Difference 57,400 (5,000) Hamilton Corporation Comparative Balance Sheets June 30, 2018 and June 30 2019 Assets 2018 2019 Cash 12,500 69,900 Accounts Receivable 36,000 31,000 Inventory 51,400 46,400 3,200 Prepaid Expenses 2,600 55,000 Furniture 60,000 (5,000) (9,000) Accumulated Depr. - Furniture 157,500 196,500 Total Assets (5,000) 600 (5,000) (4,000) Liabilities & Stockholder's Equity Accounts Payable 24,000 23,000 (1,000) 4,200 Income tax payable (600) 4,800 35,000 37,000 2,000 Notes Payable (Long term) Common Stock $10 par value 25,000 90,000 115,000 17,300 Retained Earnings 3,700 13,600 157,500 196,500 Total Liabilities & S/E Hamilton Corporation Income Statement June 30, 2019 Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest expense Income before income taxes Income tax expense Net Income 284,000 206,000 78,000 45,000 33,000 2,800 30,200 12,300 17,900 Paid dividends of $13,500 Market Price $14.85 Find the following ratios for 2019: 1. Current Ratio 2. Quick Ratio 3. Accounts Receivable Turnover 4. Days to Collect 5. Inventory Turnover 6. Days on hand 7. Payable Turnover 8. Days to pay 9. Debt to Equity Ratio 10. Number of times interest Earned 11. Profit Margin 12. Assets Turnover 13. Return on Assets 14. Return on Equity 15. Earnings per Share 16. Price/Earnings Ratio 17. Dividend Yield