Kramerica Industries (KI) 2015 Income Statement
Sales	$422,045
Cost of goods sold	291,090
Depreciation	37,053
Earnings before interest and taxes	$93,902
Interest expense	16,400
Earnings before taxes	$77,502
Taxes	27,126
Net income	$50,376
Dividends
Additions to retained earnings

Kramerica Industries (KI)
2014 and 2015 Balance Sheets
	2014	2015		2014	2015
Cash	$26,450	$29,106	Accounts payable	$61,722	$69,426
Accounts receivable	13,693	18,282	Long-term debt	95,000	110,000
Inventory	27,931	32,586	Common stock	45,000	45,000
Net fixed assets	357,165	398,345	Retained earnings	223,517	253,893
Total assets	$425,239	$478,319	Total liabilities and equity	$425,239	$478,319

KI's profit margin is _____.

	a.	11.94%
	b.	6.66%
	c.	8.94%
	d.	15.82%

KI's equity multiplier in 2015 is _____.

	a.	2.02
	b.	2.91
	c.	1.60
	d.	1.88

If KI has 100,000 shares outstanding and the stock is sold for $28.25 per share at the end of the year, its PE ratio is _____.

	a.	103.65
	b.	150.86
	c.	86.01
	d.	56.08

KI's quick ratio in 2015 is _____.

	a.	0.68
	b.	0.51
	c.	1.40
	d.	1.32

KI's total asset turnover is _____.

	a.	0.88
	b.	1.38
	c.	1.15
	d.	0.72

KI's return on equity is _____.

	a.	18.43%
	b.	16.85%
	c.	20.72%
	d.	21.38%