Finance date of Adams Stores, Inc. for the year ending 2016 and 2017. Items 2016 2017 Sales $3,432,000 $5,834,400 Cash 9,000 7,282 Other Expenses 340,000 720,000 Retained Earnings 203,768 97,632 Long-term debt 323,432 1,000,000 Cost of goods sold 2,864,000 4,980,000 Depreciation 18,900 116,960 Short-term investments 48,600 20,000 Fixed Assets 491,000 1,202,950 Interest Expenses 62,500 176,000 Shares outstanding (par value = $46.00) 100,000 100,000 Market Price of stock 8.50 6 Accounts Receivable 351,200 632,160 Accounts payable 145,600 324,000 Inventory 715,200 1,287,360 Notes Payable 200,000 720,000 Accumulated Depreciation 146,200 263,160 Accruals 136,000 284,960 Tax Rate 40% 40% Instructions: As a group, complete the following activities using the financial information above:

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A. Based on your financial statements (from Part 1), calculate the following ratios for the two years. Show all your calculations in good form. Show your formulas. If you use excel, each calculation need to show the excel formula Current ratio Quick ratio Inventory turnover (times) Average collection period (days) Total asset turnover (times) Debt ratio Times interest earned Gross profit margin Net profit margin Return on total assets Return on equity P/E ratio Return on equity using DuPont Analysis