P13-53A (similar to) Question Help Comparasve trareial staerert data of Carto, Opical Mart flor 0 Data Table Other information 1. Markat price of Cartoncommon stock: $77.50 at December 31, 2018, and $90.00 at December 31, 2015 2 Common shares outstanding 12.000 during 2018 and 11,000 during 2015 3. Alsales on credt arlton Optical Mart Comparative Income Statements Years Ended December 31, 2016 and 2015 Read the teauirement Requirement 1. Compute the ratios for 2016 and 2015 (Abbreviations used Avg average and as oulstanding) a. Curment ratio Select the formula and then enter the amounts to calculate the oument ratio for 2016 and 2015. (Round the ratios to hwo decimal places 2016 673,000 5 943000 7000 601,000 294,000 342.000 33,000 149.000 Cost of goods soid Gross proft Operaing expenses Income from operations Interest expense Inoome before income tax Income tax expense Net income Cument ratic 2016 2015 61,000 193,000 5,00045,000 26,000 48000 3,00049 000 93,000 99.000 Print Done Choose trom any lst or enter any number in the input felds and then colck Check Answer Clear All Cheok Anewer i Data Table Carlton Optical Mart Comparative Balance Sheets December 31, 2016 and 2015 2015 2016 2014* Current assets: Cash Current receivables, net Inventories Prepaid expenses $ 30,000 $ 35,000 211,000 156,000 $ 131,000 298,000 286,000 182,000 4,000 25,000 543,000 502,000 282,000 280,000 $ 825,000 $ 782,000 Total current assets Property, plant, and equipment, net Total assets 708,000 $ 160,000 108,000 106,000 Accounts payable Other current liabilties Total current liabilities Long-term liabilities Total liabilities 136,000 197,000 296,000 305,000 247,000 230,000 543,000 535,000 Print Done