Ratios (each question is 1.5 = 13.5 points will round to 14 points) West Mountain Construction Balance Sheet Current year Last year 32,387 74,526 6,888 Assets Current Assets Cash Accounts Receivable-Trade Accounts Receivable-Retention Inventory Cost and Profits in Excess of Billings Notes Receivables Prepaid Expenses Other Current Assets Total Current Assets Fixed and Other Assets Construction Equipment Trucks and Autos Other Equipment Total Fixed Assets Less Acc. Depreciation Net Fixed Assets Other Assets Total Assets 9,177 3,139 735 3,114 129,966 34,826 38,212 4,235 0 4,549 0 1,061 1,119 84,002 39,229 8,981 8,057 56,267 46,562 9,705 45.996 185,667 39,229 8,981 8,057 56,267 39.889 18,378 50,462 150,842 Liabilities Current Liabilities Accounts Payable - Trade Accounts Payable-Retention Billings in Excess of Cost and Profits Notes Payable Accrued Payables Accrued Taxes Accrued Vacation Other Current Liabilities Total Current Liabilities Long-Term Liabilities Total Liabilities 38,682 3,768 1,424 4,022 4,574 2,718 606 6,605 62,399 61,544 123,943 35,772 3,536 2,022 5,791 2,254 2,405 308 5,330 57,418 48,916 106,334 I Owner's Equity Capital Stock Retained Earnings Current Period Net Income Total Equity Total Liabilities and Equity 10,000 51,724 0 61,724 185,667 10,000 34,508 0 44,508 150,842 West Mountain Construction Income Statement Revenues 789,839 Total Construction Cost 716,037 Gross Profit 73,802 Overhead Expenses 53,827 Net Profits from Operations 19,975 Other Income 1,162 Profit Before Income Taxes 21,137 Income Tax Expense 3,921 Profit after Taxes 17,216 Using the financial statement above, compute the following ratios: a. Quick Ratio b. Current Ratio c. Current liabilities to net worth I d. Debt to equity ratio e. Fixed assets to net worth f. Current assets to total assets ratio g. Asset to revenue ratio h. Accounts payable to revenue ratio i. Return on assets