Prepare the following key performance indicators from the financial statements below
Accounts Receivable and Inventory are both the year-end and average balances
Show your work OR use formulas in the cells
2. Make at least 4 meaningful observations regarding the company's 2023 performance
Quote a key performance indicator or another ratio in each of your observations
"Another ratio" can include a percentage change from 2022 to 2023 or an expense account / sales
		2022		2023
Current Ratio
Days Sales Outstanding
Inventory Turnover
Sales Growth Rate - 2023 only	XXXXXXX
Net Income Growth Rate - 2023 only	XXXXXXX
Gross Profit Margin %
Operating Profit Margin %
Net Profit Margin %
Earnings per Share
PE Ratio
Balance Sheet as of December 31,
Current Assets	2022		2023
Cash		10,000		5,000
Accounts receivable (avg)	30,000		42,000
Inventory (avg)	25,000		40,000
Other Assets	10,000		10,000
	Current Assets	75,000		97,000
Property Plant and Equipment
Equipment	150,000		182,000
Less: Accum Depreciation	58,000		68,000
Office equipment, Net	92,000		114,000
	Total Assets	167,000		211,000
Current Liabilities
Accounts payable	30,000		35,000
Accrued Expenses	4,000		5,000
Other Current Liabilities	3,000		3,000
Current Liabilities	37,000		43,000
Notes payable, Due 2028	40,000		55,000
	Total liabilities	77,000		98,000
Stockholders Equity
Common stock	40,000		40,000
Retained earnings	50,000		73,000
	Total equity	90,000		113,000
Total liabilities and equity	167,000		211,000
Income Statement For the 12 months ended December 31,
		2022		2023
Sales revenue	400,000		450,000
Cost of sales	300,000		328,000
Gross Profit	100,000		122,000
Operating Expenses
Salaries expense	25,000		35,000
Marketing expense	11,000		16,000
Technology expense	14,000		15,000
Total Expenses	50,000		66,000
Operating Income	50,000		56,000
Interest expense	5,000		6,000
Income Before Taxes	45,000		50,000
Tax Expense	9,000		12,000
Net Income	36,000		38,000
Average Shares Outstanding	10,000		10,000
Stock Price (per share)	60		86