Financial Statement Analys 2010 The comparative financial statement of Optical Solutions Inc. are as follows. The mar Het price of Optical Solutions Inc common stock was $60.00 on December 31, 2010 Optical Solutions in Comparative stained a statement For the Years Esde December 2010 and 2009 2009 Heads 3 tot 500 $300.000 Add come 200 14 To Deduct Owens On prate 5 4000 5 000 Oh mono 12.000 17.00 Tota Redes Decem SIAP.900 2009 Optical Solutions in Comparative Income Statement For the Year Ended December 31, 2010 and 2009 2010 Sales S1 GOS 000 Sesuns anos 5.229 Nessies 1160200 Cost of goods sold 480209 Grosirohi 31021.00 Selling beses $324.000 Amore expenses 234.000 Total persones 5558.000 Income from operations 5 563 680 Other income 24.009 $ 507 880 Other expense best 110.720 Income Delore income tax 5.477.60 income tax expense 49.169 Net income 5328.000 31 1 600 6.000 51475 600 2200 517609 $ 352.000 21.1.200 5562200 S411200 19.200 5.432 400 800 $ 352.400 38.400 114.009 Optical Solutions in Comparative Balance Sheet December 31, 2010 and 2009 Dec 31, 2010 Dec 31, 2009 $ 200.000 364 000 260,000 208.000 44.000 51 116.000 204 800 3539.200 $2.850.000 5 162.400 328.800 211.200 55.400 22.200 5.792.000 256000 976000 $2.024.000 Assets Current assets Cash Temporary vestments Accounts receivable net nventories Prepaid expenses Total current assets cong-term investments Property, plant and equipment Total assets Liabilities Currenties Long-term lates Mortgage note payable 8% due 2015 Bonds povable, 10% due 2019 Total long-term bles Total abilities Stockholders' Equity Preferred $2.00 stock, 550 pat Common stock sa Retained earnings Total stockholders egy Total babies and stockholm $220.000 5 384000 800.000 $1.184.000 $1.540.000 $ 800.000 $ 800.000 $1.120.000 $ 100.000 200.000 2016.000 $216.009 5290 000 $ 100.000 200.000 604.099 904.509 57074000 Instructions Determine the following measures for 2010, rounding to one decimal place: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratig of fixed pssets to long-term Mabilitiext working Capital