III ASSETS CASH AND MARKETABLE SECURITIES ACCOUNTS RECEIVABLE INVENTORIES 2015 29,000 116,000 145.000 CURRENT ASSETS 290,000 SE362,000 130,000 NET FIXED ASSETS 222.000 TOTAL ASSETS 522,000 2014 25,000 100,000 125.000 250,000 350,000 100,000 250.000 500,000 GROSS PLANT AND EQUIPMENT LESS: ACCUMULATED DEPRECIATION RELIABILITIES AND EQUITY ACCOUNTS PAYABLE 90,480 78,000 ACCRURALS 34,800 30,000 NOTES PAYABLE 25,42034,000 CURRENT LAIBILITIES 150,700 142,000 E LONG TERM DEBT 145.000 140,000 TOTAL LIABILITIES 295,700 282,000 COMMON STOCK ($1.00 par) 150,000 150,000 RETAINED EARNINGS 76,300 68,000 TOTAL OWNER'S EQUITY 226,300 218,000 ITETET TOTAL LIABILITIES AND EQUITY 522,000 500,000 SHER INCOME STATEMENT 2015 2014 S 8 NET REVENUES & SALES 100,000 UNITS) COST OF GOODS SOLD GROSS PROFIT FIXED OPERATING EXPENSES (pre depreciation EBITDA Earnings Before Interest Taxes, Depreciation & Amortization DEPRECIATION EXPENSE OPERATING INCOME (EBIT) INTEREST INCOME BEFORE TAXES (EBT) INCOME TAXES (40%) NET INCOME Dividends Retained Earnings NUMBER OF SHARES OUTSTANDING Dividends per share 12,000 700,000 522,000 450.000 290,000 250,000 174,200 151,000 115,800 99,000 30,000 125,000 85,800 74,000 14.500 14,000 71 300 60,000 28.520 24.000 42,780 1 36,000 34,480 28,500 8,300 7,500 50,000 50,000 0.856 0 .72 The industry average for current ratios is 1.8x and for the the quick ratio it is 10% Is the company more or less liquid than the industry average Company Current Ratio is 96 which is higher than the industry Average of 1.8 but its Quick Ratio is 192 which is below the industry . They will have difficulty meeting their short term of. They should have NO difficulty meeting their short Company Current Ratio is 18 which is lower than the industry Average of 1.92 but its Quick Ratio is 5% which is below the term liabilities the tre e . They should have NO difficulty meeting their Company Current Ratio is 1.22 which is Nigher than the industry Average of 1.1 and its Quick Rate is 1. which short term labilities 95 which is below the industry average of 1. They will have difficulty Company's Current Ratio is 1.92 which is higher than the industry Average of 18 but its Quick Ratio meeting their short term liabilities