Income Statement Data for Year Net sales $65,400 $418,000 Cost of goods sold 44,000 309,000 Selling and administrative expenses 15,000 79,000 Interest expense 740 2,100 Other income (expense) (90) (380) Income tax expense 1,400 7.300 Net income $ 4,170 $ 20,220 Balance Sheet Data (End of Year) Current assets $19,000 $50,000 Noncurrent assets 26,700 121,000 Total assets $45,700 $171,000 Current liabilities $11,000 $55,000 Long-term debt 18,500 45,000 Total stockholders' equity 16,200 71.000 Total liabilities and stockholders' equity $45,700 $171,000 Beginning-of-Year Balances Total assets $44,000 $165,000 Total stockholders' equity 12,800 64,000 Current liabilities 10,600 58,000 Total liabilities 31,200 101,000 Other Data Average net accounts receivable $8,000 $3,900 Average inventory 6,900 34,500 Net cash provided by operating activities 5,500 25,800 Capital expenditures 1,800 11,700 Dividends 450 4,500 Ratio Target Wal-Mart (1) Current ratio :1 .1 (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days (6) Profit margin % ae % (7) Asset turnover times times (8) Return on assets % 96 (9) Return on common stockholders' equity %6 % (10) Debt to assets ratio * % (11) Times interest earned times times (12) Free cash flow