Question:

after performing a percent change analysis what does this tell you about the change in profitability and asset utilization?

A & Cut Arial 11 AA = = Paste Copy BI UMA EE Format Painter Clipboard Font Alignmen J73 - X for 4 2 Joshua & White Technologies: December 31 Balance Sheets 3 (Thousands of Dollars) 2016 $21,000 3.759 52,500 84,000 $161.259 218,400 $379,659 2015 $20,000 3,240 48,000 56,000 $127.240 200,000 $327.240 5 Assets 6 Cash and cash equivalents 7 Short-term investments 8 Accounts Receivable 9 Inventories 10 Total current assets 11 Net fixed assets 12 Total assets 13 14 Liabilities and equity 15 Accounts payable 16 Accruals 17 Notes payable 18 Total current liabilities 19 Long-term debt 20 Total liabilities 21 Common stock 22 Retained Earnings 23 Total common equity 24 Total liabilities and equity $33,600 12,600 19,929 $66,129 67,662 $133,791 183,793 62,075 $245,868 $379,659 $32.000 12,000 6,480 $50,480 58,320 $108,800 178,440 40,000 $218,440 $327.240 25 28 26 Joshua & White Technologies December 31 Income Statements 27 (Thousands of Dollars) 2016 29 Sales $420,000 $400,000 30 COGS except excluding depr. and amo 300,000 298.000 Assignment 2 + Type here to search BIU Aligni Copy " Paste $ Format Painter Clipboard J73 - X Font V fr A $245,868 $218,440 23 Total common equity $379.659 $327240 24 Total liabilities and equity 25 26 Joshua & White Technologies December 31 Income Statements 27 (Thousands of Dollars) 28 2016 2015 29 Sales $420,000 $400,000 30 COGS except excluding depr. and amo 300,000 298,000 31 Depreciation and Amortization 19,660 18,000 32 Other operating expenses 27.600 22.000 33 EBIT $72,740 $62,000 34 Interest Expense 5,740 4,460 35 EBT $67,000 $57,540 36 Taxes (40%) 26,800 23,016 37 Net Income $40.200 $34,524 39 Common dividends 40 Addition to retained earnings $18,125 $22,075 $17.262 $17,262 42 Other Data 43 Year-end Stock Price 44 # of shares (Thousands) 45 Lease payment (Thousands of Dollars) 46 Sinking fund payment (Thousands of D 47 48 Ratio Analysis 49 Liquidity Ratios 50 Current Ratio 51 Quick Ratio 52 Asset Management Ratios Assignment 2 2016 $90.00 4,052 $20,000 $5,000 2015 $96.00 4,000 $20,000 $5,000 2016 2015 Industry Avg 2.44 1.17 2.52 1.41 2.58 1.53