LIQUIDITY	2014	2015	2016
Current Ratio	1.450	1.402	1.359
Quick Ratio	0.580	0.565	0.551
Inventory: Working Capital	1.266	1.373	1.495
Current Debt: Inventory	1.755	1.810	1.862
PROFITABILITY
Gross Profit: Net Sales	47.00%	47.00%	47.00%
Profit on Sales	1.68%	1.68%	1.68%
Net Profit: Total Assets	1.37%	1.34%	1.30%
Net Profit: Net Worth	5.14%	4.89%	4.66%
ACTIVITY
Sales: Receivables	9.865	9.548	9.252
Days Sales Outstanding	37.000	38.226	39.453
Sales: Inventory	5.000	4.897	4.798
Inventory Turnover	2.650	2.595	2.543
Days Sales Inventory	137.736	140.628	143.521
Sales: Net Worth	3.058	2.909	2.773
Sales: Working Capital	6.330	6.725	7.173
Fixed Assets: Net Worth	1.400	1.395	1.391
Fixed Asset Turnover	2.184	2.085	1.994
Total Asset Turnover	0.815	0.795	0.776
Cash Velocity	9.780	9.622	9.469
Average Payable Period	41.000	56.069	71.139
CAPITAL STRUCTURE
Total Debt: Net Worth	2.750	2.657	2.573
Current Debt: Net Worth	1.074	1.075	1.076
Long Term Debt: Net Worth	1.676	1.582	1.497
Long Term Debt: Working Capital	3.470	3.659	3.872
Long Term Debt: Fixed Assets	1.197	1.134	1.076
Coverage of Fixed Charges	8.400	8.400	8.400

2. The business problem most likely the case in the above set of ratios is:

1. Expenses increasing faster than revenues.
2. Accounts payable are being used to take cash out of the business for non-business purposes.
3. Accounts payable are being used to increase fixed assets.
4. No problem is evident.