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Ratios Compared with Industry Averages Packard Plastics, Inc., manufactures various plastic and synthetic products. Financial statement data for the firm follow 2016 (Thousands of Dollars,

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Ratios Compared with Industry Averages Packard Plastics, Inc., manufactures various plastic and synthetic products. Financial statement data for the firm follow 2016 (Thousands of Dollars, Sales revenue Cost of goods sold Net income Dividends Earnings per share Except Earnings per Share) $825,000 540,000 50,500 15,000 4.25 Packard Plastics, inc. Balance Sheets (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 $2,700 60,900 148,000 140,000 219,000 203.600 215,000 194.000 $4,100 Cash Accounts receivable (net) Inventory 66,900 Plant assets (net)

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