Prepare ratio analyses (for the three year time period). You will compute the following ratios:

• Profitability ratios:
  • Gross Profit margin
  • Operating expense margin
  • Profit margin
  • Return on assets
  • Return on equity

• Productivity ratios:
  • Accounts Receivable Turnover
  • Days Sales Outstanding
  • Inventory Turnover
  • Days inventory outstanding
  • Accounts Payable turnover
  • Days payable outstanding
  • Cash Conversion Cycle
  • PPE Turnover

• Coverage ratios:
  • Total liabilities-to-equity
  • Total debt to equity
  • Cash from operations to total debt
  • Times interest earned

• Liquidity ratios:
  • Current Ratio
  • Quick Ratio

As Reported Annual Income Statement Report Date Scale Sales Cost of goods sold Gross Profit Selling, general & administrative expense Interest expense Earnings (loss) before taxes Provision (benefits) for taxes on earnings Net earnings (loss) 2017 Thousands 14, 134,732 10,042,638 4,092,094 2,043,698 7,676 2,040,720 677,967 1,362,753 2016 Thousands 12,866,757 9,173,705 3,693,052 1,890,408 16,488 1,786,156 668,502 1,117,654 2015 Thousands 11,939,999 8,576,873 3,363,126 1,738,755 12,612 1,611,759 591,098 1,020,661