Palisades Furniture, Inc. Comparative Income Statement Years Ended December 31, 20X5 and 20X4 20X5 20X4 $858,000 513.000 345.000 5803.000 509,000 294.000 Net sales Cost of goods sold Gross profit Operating expenses Selling expenses General expenses Total operating expenses Income from operations Interest revenue Interest expense Income before income taxes Income tax pense Net income 114,000 125.000 237,000 57.000 126,000 118.000 244,000 101.000 4.000 24,000 81.000 33.000 5:48,000 14,000 43.000 17 000 $ 26,000 Palisades Furniture, Inc. Comparative Balance Sheet December 31, 20X5 and 20X4 20X5 20X4 MARKET PRiera per SHAR5 1,600,SAA 25 l CommoN STOUR OUTSTAD, $ 29,000 114.000 113.000 6 000 262.000 18,000 507.000 5787 000 5 32.000 85.000 111.000 8,000 236.000 9.000 399,000 5614.000 Assets Current Assets Gash Accounts receivable, et Inventories Prepaid expenses Total current Long-term investments Property, plant and equipment, net Total assets Liabilities Current Liabilities Notes payable Acoins payable Accrued liabilities Totalment liabibus Long-term del Toxallibilite Stockholders' Equity Common stock, nou Reisen Total sockholdene Toual lubiles and wockholders equay 542.000 73.000 22.000 12.000 289.000 +1.000 5 27.000 68.000 31000 126,000 198 000 324.000 186.000 170,000 350.000 5787000 186,000 134.000 320.000 564000 REQUINEO CALCULATE THE RATOS ON THE NEXT PAGE 2. 1. Current Ratio 2. Acid Test 3. Receivable Turnover 4. Inventory Turnover 5. Price-earning Ratio 6. Dividend Yield 7. Average Collection Period 8. Times Interest Earned 9. Working Capital 10. Gross Margin Percentage 11. Average Sales Period 12. Return on Total Assets 13. Debt to Equity Ratio