THE QUESTION IS BELOW YOU CAN SEE THE DATA ABOVE:

2015 2016 U Current ratio Acid-test ratio Average collection period Inventory turnover Debt ratio Times interest earned Operating profit margin Total asset turnover Fixed asset turnover Operating return on assets Return on equity Industry Averages 2.00 0.80 37.0 2.50 58.0% 3.80 10.0% 1.14 1.40 11.4% 9.5% 11.11.2021 22:45 Data Table Blunt Industries Balance Sheets for December 31, 2015 and 2016 2015 Cash $11.280 Accounts receivable 15,590 Inventories 36.240 Total current assets $63.110 Land $25,040 Buildings and equipment 87.450 Less: Accumulated depreciation (35.020) Total fixed assets $77.470 Total assets $140.580 2016 $800 20,780 59,150 $80,530 $33,810 129,980 (49.400) $114,390 $194,920 Accounts payable Short-term bank notes Total current liabilities Long-term debt Common stock Retained earnings Common equity Total debt and equity $13,150 21.240 $34,390 $35.980 39,410 30.800 $70,210 $28,570 61,140 $89,710 $29,850 40,950 34,410 $75,360 $140.580 $ 194,920 Blunt Industries Income Statements Years Ending December 31, 2015 and 2016 2015 $187.450 (112,460) $74.990 2016 $400,000 (240.040) $159,960 Sales (all credit) Cost of goods sold Gross profit Operating expenses Fixed cash operating expenses Variable operating expenses Depreciation expense Total operating expenses Earnings before interest and taxes Interest expense Earnings before taxes Income taxes (50%) Net income $(31,510) (18.770) (6.800) $(57,080) $17.910 (5,720) $12.190 (6.095) $6,095 $(52,500) (39.960) (25.000) $(117.480) $42.500 (9.120) $33,380 (16.690) $16.690 (Analyzing financial statements) The last two years of financial statements for Blunt Industries are found here: 6 a. Calculate the following financial ratios for 2015 and 2016: 5 b. Evaluate the firm's financial position at the end of 2015 in terms of its liquidity, capital structure, asset management efficiency, and profitability c. At the end of 2016, the firm had 4,990 shares of common stock outstanding, selling for $15.77 each. What were the firm's (i) earnings per share, (ii) price-earnings ratio, and (iii) market-to-book ratio? d. What observations can you make about the financial condition and performance of the firm from your answers to parts (a) through (c)? ... a. Calculate the following financial ratios for 2015 and 2016: 5 Blunt's 2015 current ratio is (Round to two decimal places.)