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Use Allied Food Products Company's Income statement and balance sheet as well as additional data provided to answer the questions below BALANCE SHEETS. Allind Food Products - December 31 (in millions of dollars) 2015 2014 Assets Cash and equivalents Accounts receivable 10 30 375 315 Inventories 615 415 Total current assets 7 7 Net plant and equipment 1,000 870 Total assets ? 7 Liabilities and Equity 50 30 Accounts payable Accruals 140 130 Notes payable 110 50 Total current liabilities 7 7 750 580 Long-term bonds Total liabilities 2 130 Common stock (60,000,000 shares) 810 750 Retained earnings ? 7 Total common equity ? ? Total liabilities and equity 7 130 2014 INCOME STATEMENTS - Allied Food Products - Years Ending December 31 (in millions of dollars) 2015 Net sales 3,000.0 2,850.0 Operating costs except depreciation and amortization 2,616.2 2,497.0 Depreciation and amortization 100.0 90.0 Earnings before interest and taxes (EBIT) 7 ? Less interest 88.0 60.0 Earnings before taxes (EBT) 196.8 203.0 Taxes 78.3 81.2 Net income ? ? Additional Data Year-end stock price Shares outstanding (in millions) Tax rate 2015 $23.06 50 40% 2014 $26.00 50 40% 1. Fill in the empty cells! 2 Calculate and interpret the Earnings per Share (EPS), Didit improve from 2014 to 2015? 3. Calculate and interpret the Book Value per Share (BVPS). Did it improve from 2014 to 2015? 4. Calculate and interpret liquidity ratios. Did it improve from 2014 to 2015? 5. Calculate and interpret the debt ratio. Did it improve from 2014 to 2015 6. Calculate and interpret the Average collection period. Did it improve from 2014 to 2015? 7. Calculate and interpret the Accounts Payable Deferral Did it improve from 2014 to 2015? 8. How does profitability of the company change from 2014 to 2015? Perform all necessary calculations