match the answers below based onthe financial statements.

Question 1 (120 points) Given the Financial Statements below, select the best answer for each of the following calculations for 2016, Pinnacle A Inc. Comparative Balance Sheet December 31, 2016 and 2015 Dec 31 2016 Dec 31 2015 Assets Cash. Temporary Investments... Accounts Receivable (net). Inventories..... Prepaid Expenses... Total Current Assets Long-term Investments... Property, Plant, and Equipment (net)... Total Assets $200,000 $150,000 325,000 350,000 172,000 150,000 400,000 360,000 23,000 18,000 $1,120,000 $1,028,000 350,000 240,000 1,420,000 935,000 $2,890,000 $2,203,000 $525,000 $580,000 Liabilities Current Liabilities.... Long-term Liabilities: Mortgage Note Payable... Bonds Payable........... Total Long-Term Liabilities.. Total Liabilities... $400,000 $180,000 630,000 630,000 $1,030,000 $810,000 $1,555,000 $1,390,000 Stockholders' Equity Preferred Stock $200,000 $200,000 Common Stock. 450,000 450,000 Retained Earnings. 685,000 163,000 Total Stockholders' Equity.. $1,335,000 $813,000 Total Liabilities and Stockholders' Equity.. $2,890,000 $2,203,000 Pinnacle A Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 Sales.............. Sales Returns and Allowances... Net Sales.................. Cost of Goods Sold......... Gross Profit............... Selling Expenses..... Administrative Expenses......... Total Operating Expenses.. Income From Operations..... Other Income............. 2016 2015 $1,8h3,000 $1,700,000 20,000 15,000 $1,780,000 $1,685,000 700,000 660,000 $1,080,000 $1,025,000 240,000 180,000 120,000 110,000 $360,000 $290,000 $720,000 $735,000 40,000 30,000 $760,000 $765,000 70,000 54,000 $690,000 $711,000 78,000 80,000 $612,000 $631,000 Other Expense (Interest).. Income Before Income Tax......... Income Tax Expense........ Net Income........ 1. 1.16 2. 1.71 3. $595,000 4. 2.13 Quick Ratio 5. $92,000 Number of Days Sales in Inventory 6. 1.77 Number of Days Sales in Receivables 7. 198.14 8. 99.55 Accounts Receivable Turnover DOOOOOOO 9. 3.67 Working Capital 10. 1.84 Ratio of Liabilities to Stockholders' Equity 11. 69.21 12. 9.63 Inventory Turnover 13. 37.91 Current Ratio 14. 5.27 15. 1.33 16. 1.12 17. Answer not shown