In the 'Discussion' worksheet discuss the financial health of this business with respect to solvency, liquidity, profitability, and financial efficiency. For liquidity and solvency you have two years' worth of data to interpret for this firm. Benchmarks for juice manufacturers are provided in the worksheet for comparison purposes Organic Fruit Juice Makers, averages from 1997-2006 D/A Current Ratio 0.40 1.70 ROA ROE 6.17% 1.30% ATR OER 0.45 0.80 Solvency and Liquidity 1 INCOME STATEMENT FOR 12 MONTH PERIOD ENDING 12-31 2 2008 3 REVENUE 4 Juice 5 Cash receipts 6 Inventory adjustments 7 Apples: 8 Cash receipts 9Inventory adjustments 10 Change in accounts receivable 11 Gross revenue 12 EXPENSES 13 Operating expenses: 14 Cash operating expenses 15 Cost of purchased Apples 16 Noncash adjustments to expenses: 17 Change in accounts payable+ 18 Change in prepaid expenses 19 Change in unused supplies - 20 Change in other accrued items + 21 Depreciation 22 Total Operating Expenses 23 Interest Expense on Loans: 24 Amount of interest paid in cash 25 Change in accrued interest 26 Total Interest Expense 27 Total Expenses 28 Net income from operations (NICO) 2007 1.0881551 1.2925492 1.6802828 1.9159548 2008 (heading) (heading) Current Ratio D/A Ratio $457,175 $10,293.00 Profitability (heading) $2,384.65 $25,836 $28,220.86 2008 0.0311446 0.0026317 0.0510928 0.060071 0.005076 ROA ROE 17,150 5,760 469,792 OPM (operating profit margin) PM (profit margin) (heading) (heading) $309,814 95,000 Financial Efficiency 0.5184627 0.8885507 $2,120 10,500 OER Check Check ROA using WACC Check ROE Using Dupont 0.0494072 0.0059549 24,137 $441,571 $24,670 1,166 $25,836 $467,407 $2,384.65