Requirement

1. Using year-end balance sheet and Income statement figures, Calculate ratios of liquidity for the maximum years.
2. Comment of the trend indicated in short term liquidity

ANNE GIBSON CORPORATION Balance Sheet Dec 31, 2011 through Dec 31, 2015 2011 2012 2013 2014 2015 Dollars in thousand ASSET Current Asset Cash Marketable securities Account receivables Inventories Prepaid expenses Total current assets 47,200 2,000 131,000 122,000 3,000 305,200 46,000 2,500 128,000 124,000 2,500 303,000 45,000 3,000 127,000 126,000 2,000 303,000 44,000 3,000 126,000 127,000 1,000 301,000 43,000 3,000 125,000 125,000 1,000 297,000 ANNE GIBSON CORPORATION Income Statement For year ended Dec 31, 2011 through Dec 31, 2015 Dollars in thousand 2011 2012 2013 2014 Net Sales 880,000 910,000 840,000 825,000 Cost of goods Sold 740,000 760,000 704,000 695,000 Gross Profit 140,000 150,000 136,000 130,000 Selling and Admin expense 53,000 52,000 50,000 49,800 Interest Expense 6,700 5,900 5 ,800 5,900 Income from continuing operations before income tax 80,300 92,100 80,200 74,300 Income Taxes 26.000 27.500 28.000 23.000 Net Earnings 54,300 64,600 52,200 51,300 2015 820,000 692,000 128,000 49,000 6,000 Property Plant and equipment Other Assets Total Assets 240,000 10,000 555,200 239,000 8,000 550,000 238,000 7,000 548,000 237,500 | 234,000 6,500 7,000 545,000 538,000 73,000 22.500 50,500 LIABILITIES & SHAREHOLDER EQUITY Current liability Accounts paybale Accured compensation Income tax payable Total current liability EPS 1.4 1.65 1.38 1.36 1.33 72,000 26,000 11,500 109,500 73,000 25,000 12,000 110,000 75,000 25,500 13,000 113,500 76,000 26,000 12,500 114,500 78,500 26,000 11,000 115,500 ANNE GIBSON CORPORATION Balance Sheet Dec 31, 2011 through Dec 31, 2015 2011 2012 2013 2014 2015 Dollars in thousand ASSET Current Asset Cash Marketable securities Account receivables Inventories Prepaid expenses Total current assets 47,200 2,000 131,000 122,000 3,000 305,200 46,000 2,500 128,000 124,000 2,500 303,000 45,000 3,000 127,000 126,000 2,000 303,000 44,000 3,000 126,000 127,000 1,000 301,000 43,000 3,000 125,000 125,000 1,000 297,000 ANNE GIBSON CORPORATION Income Statement For year ended Dec 31, 2011 through Dec 31, 2015 Dollars in thousand 2011 2012 2013 2014 Net Sales 880,000 910,000 840,000 825,000 Cost of goods Sold 740,000 760,000 704,000 695,000 Gross Profit 140,000 150,000 136,000 130,000 Selling and Admin expense 53,000 52,000 50,000 49,800 Interest Expense 6,700 5,900 5 ,800 5,900 Income from continuing operations before income tax 80,300 92,100 80,200 74,300 Income Taxes 26.000 27.500 28.000 23.000 Net Earnings 54,300 64,600 52,200 51,300 2015 820,000 692,000 128,000 49,000 6,000 Property Plant and equipment Other Assets Total Assets 240,000 10,000 555,200 239,000 8,000 550,000 238,000 7,000 548,000 237,500 | 234,000 6,500 7,000 545,000 538,000 73,000 22.500 50,500 LIABILITIES & SHAREHOLDER EQUITY Current liability Accounts paybale Accured compensation Income tax payable Total current liability EPS 1.4 1.65 1.38 1.36 1.33 72,000 26,000 11,500 109,500 73,000 25,000 12,000 110,000 75,000 25,500 13,000 113,500 76,000 26,000 12,500 114,500 78,500 26,000 11,000 115,500