Please help with these ratios!

ENDLESS MOUNTAIN COMPANY
SALES BUDGET
2017	Q1	Q2	Q3	Q4	TOTAL
SALES UNITS	12000	37000	15000	25000	89000
SELLING PRICE	$32.00	$32.00	$32.00	$32.00	$32.00
TOTAL SALES	$384,000.00	$1,184,000.00	$480,000.00	$800,000.00	$2,848,000.00
PRODUCTION BUDGET
2017	Q1	Q2	Q3	Q4	TOTAL
SALES UNITS	12000	37000	15000	25000	89000
DESIRED FINISHED GOODS ENDING INVENTORY	5550	2250	3750	1950	13500
TOTAL UNITS NEEDED	17550	39250	18750	26950	102500
Less: BEGINNING INVENTORY	1500	5550	2250	3750	13050
TOTAL UNITS TO BE PRODUCED	16050	33700	16500	23200	89450
RAW MATERIALS PURCHASE BUDGET
2017	Q1	Q2	Q3	Q4	TOTAL
RAW MATERIAL YARDS PER UNIT	3.5	3.5	3.5	3.5	3.5
RAW MATERIAL COST PER YARD	$3.00	$3.00	$3.00	$3.00	$3.00
RAW MATERIAL COST PER UNIT	$10.50	$10.50	$10.50	$10.50	$10.50
RM NEEDED FOR PRODUCTION	$168,525.00	$353,850.00	$173,250.00	$243,600.00	$939,225.00
DESIRED ENDING INVENTORY	$70,770.00	$34,650.00	$48,720.00	$187,845.00	$341,985.00
TOTAL RM NEEDED	$239,295.00	$388,500.00	$221,970.00	$431,445.00	$1,281,210.00
BEGINNING INVENTORY	$13,500.00	$70,770.00	$34,650.00	$15,000.00	$133,920.00
TOTAL RM TO BE PURCHASED	$225,795.00	$317,730.00	$187,320.00	$416,445.00	$1,147,290.00
DIRECT LABOR BUDGET
2017	Q1	Q2	Q3	Q4	TOTAL
TOTAL UNITS TO BE PRODUCED	16050	33700	16500	23200	89450
DIRECT LABOR NEEDED PER UNIT	0.25	0.25	0.25	0.25	0.25
TOTAL DIRECT LABOR HOURS NEEDED	4012.5	8425	4125	5800	22362.5
DIRECT LABOR COST PER HOUR	$18.00	$18.00	$18.00	$18.00	$18.00
TOTAL DIRECT LABOR COST	$72,225.00	$151,650.00	$74,250.00	$104,400.00	$402,525.00
MANUFACTURING OVERHEAD BUDGET
2017	Q1	Q2	Q3	Q4	TOTAL
BUDGETED LABOR HOURS	4012.5	8425	4125	5800	22362.5
PREDETERMINED OVERHEAD RATE	$3.00	$3.00	$3.00	$3.00	$3.00
TOTAL VARIABLE MANUFACTURING OVERHEADS	$12,037.50	$25,275.00	$12,375.00	$17,400.00	$67,087.50
FIXED OVERHEADS	$37,500.00	$37,500.00	$37,500.00	$37,500.00	$150,000.00
TOTAL MANUFACTURING OVERHEADS	$49,537.50	$62,775.00	$49,875.00	$54,900.00	$217,087.50
SELLING AND ADMIN OVERHEADS BUDGET
2017	Q1	Q2	Q3	Q4	TOTAL
NO. OF UNITS SOLD	12000	37000	15000	25000	89000
PREDETERMINED OVERHEAD RATE	$1.25	$1.25	$1.25	$1.25	$1.25
TOTAL VARIABLE S&A OVERHEADS	$15,000.00	$46,250.00	$18,750.00	$31,250.00	$111,250.00
FIXED OVERHEADS
ADVERTISEMENT	$6,250.00	$6,250.00	$6,250.00	$6,250.00	$25,000.00
EXECUTIVE SALARIES	$16,000.00	$16,000.00	$16,000.00	$16,000.00	$64,000.00
INSURANCE	$3,000.00	$3,000.00	$3,000.00	$3,000.00	$12,000.00
PROPERTY TAX	$2,000.00	$2,000.00	$2,000.00	$2,000.00	$8,000.00
DEPRECIATION EXPENSE	$2,000.00	$2,000.00	$2,000.00	$2,000.00	$8,000.00
TOTAL S&A OVERHEADS	$44,250.00	$75,500.00	$48,000.00	$60,500.00	$228,250.00
CASH BUDGET
2017	Q1	Q2	Q3	Q4	TOTAL
Beginning Balance	$46,200	$103,131.00	$498,056.50	$746,488.50	$1,393,876.00
Cash collections	$548,000.00	$984,000.00	$656,000.00	$720,000.00	$2,908,000.00
Total Cash Available	$594,200.00	$1,087,131.00	$1,154,056.50	$1,466,488.50	$4,301,876.00
Cash payments:					$0.00
Purchases	$316,056.50	$290,149.50	$226,443.00	$347,707.50	$1,180,356.50
Direct Labor	$72,225.00	$151,650.00	$74,250.00	$104,400.00	$402,525.00
Manufacturing Overhead	$45,537.50	$58,775.00	$45,875.00	$50,900.00	$201,087.50
Selling & Admin Overheads	$42,250.00	$73,500.00	$46,000.00	$58,500.00	$220,250.00
Dividends	$15,000.00	$15,000.00	$15,000.00	$15,000.00	$60,000.00
Total Cash Payments	$491,069.00	$589,074.50	$407,568.00	$576,507.50	$2,064,219.00
Ending cash balance	$103,131.00	$498,056.50	$746,488.50	$889,981.00	$889,981.00
Minimum Balance	$30,000.00	$30,000.00	$30,000.00	$30,000.00
Excess/ (Under) cash	$73,131.00	$468,056.50	$716,488.50	$859,981.00	$2,117,657.00

Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master budget for 2017 and reports a balance sheet at December 31, 2016 as follows Endless Mountain Company Balance Sheet December 31, 2016 Assets Current assets: Cash Accounts receivable (net) Raw materials inventory (4,500 yards) Finished goods inventory (1,500 units) $ 46,200 260,000 11,250 32,250 $349,700 Total current assets Plant and equipment: Buildings and equipment Accumulated depreciation 900,000 292,000 Plant and equipment, net Total assets 608,000 $957,700 Liabilities and Stockholders' Equity Current liabilities: $158,000 Accounts payable Stockholders' equity: 419,800 379,900 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders equity 799,700 $957,700 The company's chief financial officer (CFO), in consultation with various managers across the organization has developed the following set of assumptions to help create the 2017 budget: 1. The budgeted unit sales are 12,000 units, 37,000 units, 15,000 units, and 25,000 units for quarters 1-4 respectively. Notice that the company experiences peak sales in the second and fourth quarters. The budgeted selling price for the year is $32 per unit. The budgeted unit sales for the first quarter of 2018 is 13,000 units. 2. All sales are on credit. Uncollectible accounts are negligible and can be ignored. Seventy-five percent of all credit sales are collected in the quarter of the sale and 25% are collected in the subsequent quarter 3. Each quarter's ending finished goods inventory should equal 15% of the next quarter's unit sales 4. Each unit of finished goods requires 3.5 yards of raw material that costs $3.00 per yard. Each quarter's ending raw materials inventory should equal 10% of the next quarter's production needs. The estimated ending raw materials inventory on December 31, 2017 is 5,000 yards. 5. Seventy percent of each quarter's purchases are paid for in the quarter of purchase. The remaining 30% 6. Direct laborers are paid $18 an hour and each unit of finished goods requires 0.25 direct labor-hours to 7. The budgeted variable manufacturing overhead per direct labor-hour is $3.00. The quarterly fixed of each quarter's purchases are paid in the following quarter. complete. All direct labor costs are paid in the quarter incurred manufacturing overhead is $150,000 including $20,000 of depreciation on equipment. The number of direct labor-hours is used as the allocation base for the budgeted plantwide overhead rate. All overhead costs (excluding depreciation) are paid in the quarter incurred 8. The budgeted variable selling and administrative expense is $1.25 per unit sold. The fixed selling and administrative expenses per quarter include advertising ($25,000), executive salaries ($64,000), insurance ($12,000), property tax ($8,000), and depreciation expense ($8,000). All selling and administrative expenses (excluding depreciation) are paid in the quarter incurred. 9. The company plans to maintain a minimum cash balance at the end of each quarter of $30,000. Assume that any borrowings take place on the first day of the quarter. To the extent possible, the company will repay principal and interest on any borrowings on the last day of the fourth quarter. The company's lender imposes a simple interest rate of 3% per quarter on any borrowings. 10. Dividends of $15,000 will be declared and paid in each quarter. 11. The company uses a last-in, first-out (LIFO) inventory flow assumption. This means that the most recently purchased raw materials are the "first-out" to production and the most recently completed finished goods are the "first-out" to customers. Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master budget for 2017 and reports a balance sheet at December 31, 2016 as follows Endless Mountain Company Balance Sheet December 31, 2016 Assets Current assets: Cash Accounts receivable (net) Raw materials inventory (4,500 yards) Finished goods inventory (1,500 units) $ 46,200 260,000 11,250 32,250 $349,700 Total current assets Plant and equipment: Buildings and equipment Accumulated depreciation 900,000 292,000 Plant and equipment, net Total assets 608,000 $957,700 Liabilities and Stockholders' Equity Current liabilities: $158,000 Accounts payable Stockholders' equity: 419,800 379,900 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders equity 799,700 $957,700 The company's chief financial officer (CFO), in consultation with various managers across the organization has developed the following set of assumptions to help create the 2017 budget: 1. The budgeted unit sales are 12,000 units, 37,000 units, 15,000 units, and 25,000 units for quarters 1-4 respectively. Notice that the company experiences peak sales in the second and fourth quarters. The budgeted selling price for the year is $32 per unit. The budgeted unit sales for the first quarter of 2018 is 13,000 units. 2. All sales are on credit. Uncollectible accounts are negligible and can be ignored. Seventy-five percent of all credit sales are collected in the quarter of the sale and 25% are collected in the subsequent quarter 3. Each quarter's ending finished goods inventory should equal 15% of the next quarter's unit sales 4. Each unit of finished goods requires 3.5 yards of raw material that costs $3.00 per yard. Each quarter's ending raw materials inventory should equal 10% of the next quarter's production needs. The estimated ending raw materials inventory on December 31, 2017 is 5,000 yards. 5. Seventy percent of each quarter's purchases are paid for in the quarter of purchase. The remaining 30% 6. Direct laborers are paid $18 an hour and each unit of finished goods requires 0.25 direct labor-hours to 7. The budgeted variable manufacturing overhead per direct labor-hour is $3.00. The quarterly fixed of each quarter's purchases are paid in the following quarter. complete. All direct labor costs are paid in the quarter incurred manufacturing overhead is $150,000 including $20,000 of depreciation on equipment. The number of direct labor-hours is used as the allocation base for the budgeted plantwide overhead rate. All overhead costs (excluding depreciation) are paid in the quarter incurred 8. The budgeted variable selling and administrative expense is $1.25 per unit sold. The fixed selling and administrative expenses per quarter include advertising ($25,000), executive salaries ($64,000), insurance ($12,000), property tax ($8,000), and depreciation expense ($8,000). All selling and administrative expenses (excluding depreciation) are paid in the quarter incurred. 9. The company plans to maintain a minimum cash balance at the end of each quarter of $30,000. Assume that any borrowings take place on the first day of the quarter. To the extent possible, the company will repay principal and interest on any borrowings on the last day of the fourth quarter. The company's lender imposes a simple interest rate of 3% per quarter on any borrowings. 10. Dividends of $15,000 will be declared and paid in each quarter. 11. The company uses a last-in, first-out (LIFO) inventory flow assumption. This means that the most recently purchased raw materials are the "first-out" to production and the most recently completed finished goods are the "first-out" to customers