Hi. See below:

In addition, the company paid dividends in both 2018 and 2019 of $100,000 per year and made capital expenditures in both years of $45,000 per year. The company's stock price in 2018 was $10 and $12 in 2019. The industry average earnings multiple for the industry was 10 in 2019 and the free cash flow and sales multiples were 20 and 2, respectively. The company is publicly owned and has 1,050,000 shares of outstanding stock at the end of 2019. The industry average ratios for Jackson's industry were as follows in the most recent year. Exhibit A: Industry Ratios for Jackson Manufacturing Accounts Receivable Turnover 11.10 Inventory Turnover 11.30 Current Ratio 2.80 Quick Ratio 2.00 Cash Flow from Operations Ratio 1.20 Free Cash Flow Ratio 1.10 Gross Margin Percentage 30.0% Return on Assets (Net Book Value) 20.0% Return on Equity 30.0% Required: 1. Calculate the ratios In Exhibit A for Jackson Company for 2019, group them by category (liquidity, profitability) and develop a brief overview for the liquidity and profitability of Jackson Manufacturing at the end of 2019. 2. Complete a Business Valuation for Jackson Manufacturing based on 2019 financial statement information.Jackson Manufacturing has the following operating results for 2019. Balance Sheet, Dec 31, 2019 2018 Cash 489,350 125,000 Accounts Receivable 315,000 400,000 Inventory 225,000 375,000 Total Current Assets $ 1,029,350 $ 900,000 Long-lived Assets 2,345.000 2,350,000 Total Assets $ 3,374,350 $ 3,250,000 Current Liabilities $ 285,000 $ 315,000 Long-term Debt 600,000 800,000 Shareholder Equity 2,489.350 2,135,000 Total Debt and Equity $ 3.374.350 $ 3.250.000 Income Statement, for year ended Dec 31, 2019 2018 Sales $ 3,775,000 $ 3,555,000 Cost of Sales 2,554,000 2,445,000 Gross Margin 1,221,000 1,110,000 Operating Expenses 522,000 445,000 Operating Income 699,000 665,000 Taxes 244,650 232,750 Net Income 454.350 $ 432.250 Cash Flow From Operations 2019 2018 Net Income $ 454,350 $ 432,250 Plus Depreciation Expense 50,000 50,000 + Decrease (-inc) in AccRec. and Inv. 235,000 + Increase (-dec) in Cur. Liabl (30,000) Cash Flow from Operations $ 709.350 $ 482.250