Good FoGood Food Snack Balance Sheets December 31.2013 and December 31.2014 2014 2013 Cash 91,626 7,792 Accounts Receivable net 939,460 676,411 Inventories 1,836,634 1,377,475 Prepaid Rent 180,000 360,000 Total current assets 3,047,720 2,421,678 Equipment and Fixtures 1,280,961 1,287,157 Accumulated Depreciation 406,728 281,581 total Fixed assets 874,233 1,005,575 total assets 3,921,953 3,427,253 Accounts payable 467,376 560,851 Notes Payable 321,000 681,385 Accruals 436,560 523,872 Current Liabilities 1,224,936 1,766,108 Long-term Debt 608,000 1,134,072 Owner's Capital 2,089,017 527,073 TOTAL LIABILITIES AND CAPITAL 3,921,953 3,427,253 Good Food Snack House Income Statements December 31,2013 and December 31,2014 2014 2013 Net Sales 7,457,736 63,969,040 Less: Cost of Goods Sold 6,228,552 5,859,680 Gross Profit 1,229,184 536,360 Less: Other Expenses 886,177 561,974 Operating Income 343,008 -25614 Less: Interest Expense 74,208 144,173 Net Income 268,799 -169,787 Required : Compute for the following for Year 2014 only 1. Current Ratio 2. Quick Ratio 3. Receivable Turnover 4. Average Collection Period 5. Inventory Turnover 6. Average Sales Period 7. Working Capital 8. Debt Ratio 9. Equity Ratio 10. Debt to Equity Ratio 11. Times Interest Earned 12. Gross Profit Ratio 13. Operating Profit Margin 14. Net Profit Margin 15. Return on Assets CAN YOU GIVE THE ANSWER od Snack Balance Sheets