1. Prepare the income statements and balance sheets for years 2017 and 2018 for Samuelson Company using the following information. The balance sheet numbers are at the end of year figures.

Item	2017	2018
Accounts Payable	10,700	12,000
Accounts Receivable	55,300	54,400
Accumulated Depreciation	27,900	30,200
Cash & Cash Equivalents	9,700	10,500
Common Stock	40,500	40,500
Cost of Goods Sold	92,600	108,400
Depreciation	2,250	2,300
Fixed Expenses	7,000	7,600
Interest	2,900	3,400
Inventory	37,800	42,700
Long-term Debt	29,800	32,000
Other Current Liabilities	8,600	8,400
Plant & Equipment	53,000	56,900
Retained Earnings	18,200	22,700
Sales	138,200	150,500
Selling and G&A	13,400	15,500
Short-Term Notes	20,100	18,700
Tax Rate	30%	30%

2. Answer the following questions:

1. How much did Samuelson Company spend in acquiring fixed assets in 2018?

2. How much dividend did Samuelson Company pay out during 2018?

3. Using the end of year numbers, did the short-term liquidity improve or deteriorate from 2017 to 2018? Answer this question using at least two short-term liquidity financial ratios.

4. Using the end of year numbers, did the asset management efficiency improve or deteriorate from 2017 to 2018? Answer this question using at least two asset management financial ratios.