Jordan, Inc. reported the following financial statement statements at the end of March 2014. As & newly hired accountant you want to understand how the company is doing and the financial condition of the company in the past two years In addition, tomorrow is your first meeting with the financial manager, the CFO, and the owner of the company You want to make sure that you know what they are talking about and if the ask you questions during the meeting you want to make a good first impression Jordan, Inc. Income Statement For the years ended March 31 Jordan, Inc. Balance Sheet March 31 2014 2013 2012 2012 ASSETS Current assets: Cash Accounts Receivable Inventories Prepaid expenses Total current assets 2014 2013 400,000.00 375,000.00 390,000.00 $245,000.00 $215,000.00 $225,000.00 $155,000.00 160,000.00 $165,000.00 $92,000.00 $ 90,000.00 $ 88,000.00 63,000.00 $70,000.00 77,000.00 Total Revenues COGS Gross Operating, selling, general and administrative expenses Operating income Non-operating Income/Expenses: Interest expenses Interest income Interest, net Income before income taxes Income taxes Net Income 12,000.00 10,000.00 $ 6,700.00 $ 28,000.00 31,000.00 17,000.00 45,000.00 40,000.00 37,000.00 7,000.00 9,000.00$ 7,000.00 92,000.00 $ 90,000.00$ 67,700.0 $ 1,500.00 1,400.00 1,400.00 100.00 $ s 1,400.00 1,400.00 1,400.00 61,600.00 $68,600.00 75,600.00 21,500.00 24,000.00 26,400.00 40,100.00 44,600.00 49,200.00 Property, plant, and equipment: Building Less accumulated depreciation Equipment Less accumulated amortization Total PPE $180,000.00 $160,000.00 $ 155,000.00 (57,000.00)$(50,000.00) $ (45,000.00) $5000.00 5,000.00 (3,600.00) (3,200.00) (3,000.00) 124,900.00 $111,800.00 $112,000.00 550000 Common shares outstanding Cash Dividends declared 15,000.00 10,000.00 10,000.00 10,000.00 15,000.00 10,000.00 Total assets $216,900.00 201,800.00 $179,700.00 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Long-term debt due within one year Total current liabilities Weighted-average common shares outstanding (basi 5,500.00 Required 1. Analyze the performance and financial condition of Jordan, Inc. in the past two years by calculating the following ratios. Assume that Jordan, Inc.'s stock is traded for $12.50 per share. 2. Interpret the results. Please round answers to two decimal points. $ 10,000.00 $ 4,000.00 $ 6,000.00 $ 15,000.00 30,000.00 S 35,000.00 500.00 3,000.00 5,000.00 2,500.00 3,000.00 1,500.00 28,000.00 40,000.00 47,500.00 Long-term debt Total Long-term liabilities $ 6,000.00 $ 10,000.00 $ 15,000.00 6,000.00 10,000.0o 15,000.00 Equity: Common stock Paid-in Capital in excess of par value Retained earnings Total equity 15,000.00 10,000.00 10,000.00 4,000.003,000.00 3,000.00 163,900.00 $138,800.00 $ 104,200.00 182,900.00 $151,800.00 $117,200.00 Total liabilities and 216,900.00 $201,800.00 $179,700.00 Fiscal Year Ended Jan 31 Ratio Formula 20142013 2013 Liquidity Net Working Capital Current ratio Quick ratio Gross Profit percentage Net Income percentage Profitability Debt Analysis Debt Ratio Interest Coverage Ratio Inventory Turnover Days-Sales-in-Inventory Accounts Receivable Turnover Receivable Collection Period Return on Assets Total Asset Turnover Fixed Asset Turnover Asset Management Analysi Stockholder's Reward Anal Earnings Per Share Dividends Per Share Dividends Payout Ratio Return on Equity