Revise your calculations based the new information provided below and then answer the questions that follow.

	Current	Previous
Cash	$56,000	$46,000
Accounts receivable	26,000	31,000
Inventory	86,000	66,000
Long-term assets	180,700	141,000
Total assets	$348,700	$284,000

	Current	Previous
Current liabilities	$66,000	$56,000
Long-term liabilities	92,000	82,000
Total liabilities	158,000	138,000
Stockholders equity	190,700	146,000
Total liabilities and stockholders equity	$348,700	$284,000

	Current
Net sales	$330,000
Cost of goods sold	207,500
Operating expenses	46,000
Interest expense	10,600
Income tax expense	21,200
Net income	$44,700

Stock price	$46.00
Average shares outstanding	10,600

Required: 1. Use your spreadsheet to recalculate the ratios and enter your results here: (Round your answers to 2 decimal places.)

Ratio:
Gross profit ratio:		%
Return on assets:		%
Profit margin:		%
Asset turnover:		times
Return on equity:		%
Earnings per share:
Price-earnings ratio: