I need the attached document completed before Saturday.

Thanks

MCM Industries The following information was obtained from the records of MCM Industries: Accounts Payable Accounts Receivable Building, Furniture and fixtures, net Cash Common stock Cost of goods sold General and Adm. expense Income tax expense Interest expense Inventory Long-term debt Long Term Notes Payable Other current assets Other accrued payables Retained earnings Sales Selling expense December 31, 2012 $ 79,000 325,000 1,161,000 $ 165,000 1,140,332 13,823,440 2,682,000 994,000 29,000 1,095,000 211,000 85,000 162,000 18,000 1,374,668 $ 20,632,000 640,000 December 31, 2011 $ 69,200 332,200 1,161,000 $ 188,000 1,248,000 12,533,300 2,314,000 1,337,000 38,000 1,064,000 256,000 110,000 165,000 16,000 1,211,000 $ 19,282,000 578,000 Required: 1. Prepare an Income Statement and a Balance Sheet for MCM Corporation for 2011 and 2012. 2. Prepare a vertical analysis of the Balance Sheet and Income Statement for 2011 and 2012. Note any areas of concern and suggested actions management may need to take to address the areas of concern. 3. Compute the following ratios for both years: Current ratio Quick ratio Inventory Turnover ratio Debt to equity ratio Times interest earned Return on equity Gross margin percentage 4. Industry Comparison - Compare the performance of MCM Industries to the 2012 industry ratios below and identify differences between the ratios of MCM and the industry averages. Include any explanation on why a ratio may be higher or lower than the Page 1 of 2 industry average. You should also include any actions management needs to take to bring the ratios of MCM more in line with the industry averages. Industry average ratios: Current ratio Quick (Acid) ratio 4.0 to 1 Inventory turnover 6.2 times Debt to equity ratio .68 to 1 Time Interest Earned Return on Equity 68% Gross Margin Percentage 45% 5.8 to 1 70.4 times Page 2 of 2