P13-3A Perform ratio analysis, and discuss change in financial position and operating results 2 Condensed balance sheet and income statement data for Jergan Corporation are presented here. JERGAN CORPORATION Balance Sheet December 31 2015 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 2017 $30,000 50,000 90,000 55,000 500,000 2016 $20,000 45,000 95,000 70,000 370,000 $18,000 48,000 64,000 45,000 10 358,000 $725,000$ $600,000 $533,000 14 Current liabilities Long-term debt Common stock, $10 par Retained Earnings $85,000 45,000 320,000 175.000 $725,000 $80,000 $%70,000 50,000 300,000 113,000 $600,000$533,000 16 85,000 310,000 125.000 191 JERGAN CORPORATION Income Statement For the Year Ended December 31 23 2017 740,000 $600,000 40,000 700,000 425,000 2016 Sales revenue Less Sales return and allowances Net sales Cost of goods sold 30,000 570,000 29 350,000 F13-3 I F12-d | D12