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Question:I need these equations done for a 2015 Comparative Income Statement and Comparative Balance sheet and I need the work shown for each equation . These are the equations

Working Capital-Working capital = current assets - current liabilities

Current Ratio-Tocalculatethe current ratio, divide current assets by current liabilities.

Quick Ratio-Quick ratio = (current assets - inventories) / current liabilities

Accounts Receivable Turnover-net credit sales/average accounts recievable

Number of Day's Sales in Receivables-The calculation for determining the days' sales in accounts receivable is the number of days in the year (usually 360 or365days is used) divided by the accounts receivable turnover ratio for a specific year.

Average Daily Sales-. Divide your sales generated during theaccountingperiod by the number ofdaysin the period to calculate your average daily sales.

Inventory Turnover-Theinventory turnover ratiois calculated by dividing the cost of goods sold for a period by the averageinventoryfor that period.

Number of Day's Sales in Inventory-The calculation of the days' sales in inventory is: the number of days in a year (365or360days) divided by the inventory turnover ratio.

Average Cost of Goods Sold-beginning inventory + the cost of goods purchased ormanufactured= cost of goods available - ending inventory.

This is the assignment- Determine the following measures for 2015 by using the Comparative Income Statement and Comparative Balance sheet.

• Working Capital
• Current Ratio
• Quick Ratio
• Accounts Receivable Turnover
• Number of Days' Sales in Receivables
• Inventory Turnover
• Number of Days' Sales in Inventory
• Gross Profit %
• Net Income %
• EBITDA %
• Income Tax %

Attached are the financial statements

****************************THIS has to be done by 6PM TONIGHT!!!*************

Determine the following measures for 2015 by using the Comparative Income Statement and Comparative Balance sheet. Working Capital Current Ratio Quick Ratio Accounts Receivable Turnover Number of Days' Sales in Receivables Inventory Turnover Number of Days' Sales in Inventory Gross Profit % Net Income % EBITDA % Income Tax % Food Truck, Inc. Comparative Income Statement For the Years Ended December 31, 2015 and 2014 2014 2015 Sales $ 212,226 $ 211,361 Sales returns and allowances 5,245 4,227 Net sales 206,982 207,134 Cost of goods sold 35,026 35,458 Gross profit 171,956 171,676 Selling expenses 75,809 75,408 Administrative expenses 66,443 68,915 Total operating expenses 142,252 144,323 Income from operations 29,704 27,352 Other income 500 500 EB ITDA 30,204 27,853 Other expenses (interest) 17,703 17,703 Income before income tax 12,501 10,150 Income tax expenses 3,750 3,045 Net income $ 8,751 $ 7,105 Food Truck, Inc. Comparative Balance Sheet December 31, 2015 and 2014 2014 Assets 2015 Current Assets: Cash 13,701 11,745 Temporary investments 14,348 35,251 Accounts Receivable (net) 37,687 1,240 Inventories 11,648 12,817 Prepaid expenses 3,557 5,010 Total current assets 80,942 66,064 Longterm investments 20,892 20,892 Property, plant, and equipment (net) 388,098 342,446 Total assets 489,932 429,401 39,552 46,250 Mortgage note payable 9,632 Bonds payable 275,045 210,343 Total longterm liabilities 284,677 210,343 Total liabilities 324,229 256,593 Liabilitie s Current liabilities Longterm liabilities: Stockholders' Equity Preferred 8% stock, $100 par 1,000 1,000 Common stock, $10 par 100,000 100,000 Retained earnings 64,703 71,808 Total stockholder's equity 165,703 172,808 Total liabilities and stockholders' equity 489,932 429,401