Select the Income Statements and Balance Sheets of two corporations from the internet and calculate the following financial ratios:

1. Long-term debt ratios
2. Total debt ratio
3. Times interest earned
4. Cash coverage ration
5. current ratio
6. Quick ratio
7. Operating profit margin
8. Inventory Turnover
9. Days in inventory
10. Average collection period
11. Return on equity
12. Return on assets
13. Payout rations

Compare the financial ratios you have calculated above

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BARRY'S SUPERSTORE Comparative Year-End Income Statements BARRY'S SUPERSTORE Comparative Year-End Balance Sheets Prior Year Current Year Prior Year Current Year Net Sales Cost of Goods Sold Gross Profit $100,000 50,000 50,000 $120,000 60,000 60,000 Assets: Cash Accounts Receivable Inventory Short-Term Investments Total Current Asstes Equipment Total Assets Rent Expense Depreciation Expense Salaries Expense Utility Expense 5,000 2,500 3,000 1,500 5,500 3,600 5,400 2,500 $90,000 20,000 35,000 15,000 160,000 40,000 $200,000 $110,000 30,000 40,000 20,000 200,000 50,000 $250,000 Operating Income 38,000 43,000 Interest Expense Income Tax Expense Net Income 3,000 5,000 $ 30,000 2,000 6,000 $ 35,000 Liabilities: Accounts Payable Unearned Revenue Total Current Liabilities Notes Payable Total Liabilities $ 60,000 10,000 70,000 40,000 110,000 $ 75,000 25,000 100,000 50,000 150,000 Stockholder Equity Common Stock Ending Retained Earnings Total Stockholder Equity Total Liabilities and Stockholder Equity 75,000 15,000 90,000 $200,000 80,000 20,000 100,000 $250,000