The condensed financial statements of Arohi Ltd for the years ended June 30, 2017 and 2016

are presented below.

Balance Sheets Income Statements

June 30 For the Year Ended June

2017 2016 2017 2016

Assets Sales Revenue 648630 579040

Current Assets Cost and Expense

Cash and cash equivalents 75330 71160 cost of good sold 171740 147630

Accounts Receivable ((net) 82660 66490 Selling & Admin Exp 400760 367900

Inventory 76830 65350 Interest Expense 1390 2710

Prepaid Expense 20440 26920 Total Costs & Expense 573890 518240

Total Current Assets 255260 229920 Income before Income Taxes 74740 60800

Investments 1230 1260 Income tax Expense 29130 23260

Property plant and Equipment 69420 64700 =Net Income =45610 = 37540

Intangible and other assets 87670 84930

=Total Assets = 413580 = 380810

Liabilities and Equity

Current Liabilities 149770 132200

Long- Term Liabilities 87950 73710

Stockholders equity - Common 175860 174900

=Total Liability and stockholders Equity =413580 =380810

Compute and comment on following ratios for 2017 & 2016

(a) Current ratio.

(b) Inventory turnover (Inventory on 6/30/15 was 61000)

(c) Return on assets (Assets on 6/30/15 were 334990

(d) Return on common stockholders' equity (Equity on 6/30/15 was 178590)

(e) Debt to assets ratio.

Comment on the performance of the company over these

two years