Tomson Corporation 2013 and 2014 Statement of Financial Position Assets Liabilities 2013 2014 2013 2014 Current Assets Cash A/R Inventory Total Current Liabilities A/P Notes Payable $ 10,157 23,406 42,650 $ 76,213 $ 43,050 18.384 $ 8,436 21,530 38.760 $ 68,726 $ 46,821 17,382 Total $ 61,434 $ 64,203 $ 32,000 Long-term Debt $ 25,000 Owner's Equity Common Stock & Paid-in Surplus Retained Earnings $ $ 40,000 168,998 40,000 188,316 Net Plant & Equip $ 226,706 $ 248,306 $ 208.998 $ 228,316 Total Total Liabilities & Owners Equity Total Assets $ 295,432 $ 324.519 $ 295.432 $ 324,519 1. Prepare: The 2014 combined common-size, common-base year statement of financial position for Tomson. Round your intermediate calculations to 2 decimal places and final answers to 4 decimal places. 2. Calculate 1. The current ratio for each year 2. The quick ratio for each year 3. The cash ratio for each year 4. The NWC to total assets ratio for each year 5. The debt-equity ratio and the equity multiplier for each year 6. The total debt ratio and the long-term debt ratio for each year Consider the following simplified financial statements for Turnbull Inc. - assuming no income taxes. The company has predicted a sales increase of 15 percent. Assume that Turnbull Inc. pays out half of its net income in the form of a cash dividend. Cost and assets vary with sales, but debt and equity do not. Balance Sheet Assets Liabilities Assets $ 25,300 Debt Equity Total $ 5,800 $ 19,500 $ 25,300 Total $ 25,300 Income Statement Sales Costs Net Income $ 32,000 24,400 7,600 Sales Increase Payout rate 15% 50% 1. Prepare the Pro Forma Statements for Turnbull Inc. 2. Determine the EFN