Home Work 1 FIN308 Fall 201 Question : Use the following income statement and balance sheet to calculate Liquidity ratios, Activity (Effciency) Ratios, Debt (Leverage) Ratios, Profitability Ratios, Market Ratios, and Coverage Ratios. You are required to complete the table as discussed in the class Stetson Skydiving Adventures Balance Sheet For the Year Ended December 31, 2011 Income Statements For the Years 2010 and 2011 2011 2010 2011 2010 Assets 3800000 3230000 Cash 2273300 2162500 rketable Securities 2435 21000 20000372000 15000420000 989135854000 2680000 2170000 9000 485000 11000 1685000 Cost of Goods Gross Profit 1526700 1067500 Aus Recewable 84000 71000 TotalCurrent Assets 8600 836000 Groes Fixed Assets 6500065000 507900 96500 Total Assets 12000 63000 395900 28500 Liabilties& Owner's Equity 138565 9975 Acoounts Payable 257335 1852 Total Seling & Admin. Expense Lease Expense Net Operating Income Interest Expense Aocumulated Depreciation Before Taxes 505000290000 3600030C00 Taxes Accrued Expenses 171100 1061000 1711100 1381000 1000008cCO 691000 52000 588335536000 1383335 1158000 3100136 2539000 Total Liabilities Common Stock ($2 par) Notes: Tax Rate Shares Eamings per Share 035 035 0000 40000 Retained Eamings 51467 0463125 Total Owner's Equity Total Liab. & Owners Retianed Eaning 62335 196000