Use the data from the balance sheet and income statement, and Calculate the Ratios for the years 2017, 2018, and 2019.

Current Ratio Quick (Acid Test) Ratio Debt to Equity Ratio Return on Equity Return on Sales Inventory Turnover Return on assets Asset utilization ratio

Balance sheet:

Assets [+]

in Thousands of Dollars

12/2019

12/2018

12/2017

12/2016

12/2015

Cash and Equivalents

128,390

90,212

93,453

55,928

73,844

Restrictable Cash

-

-

-

-

-

Marketable Securities

94

77

16

424

114

Receivables

-

-

-

-

-

Inventories

86,216

102,894

80,432

78,475

65,543

Prepaid Expenses

8,218

7,761

6,983

5,923

6,081

Current Deferred Income Taxes

-

-

-

-

-

Other Current Assets

(1)

6

1

13,805

-

Total Current Assets

382,761

390,518

324,283

243,146

265,573

Gross Fixed Assets

348,284

303,447

296,277

256,338

148,592

Accumulated Depreciation

(159,854)

(139,587)

(129,368)

(104,943)

(86,856)

Net Fixed Assets

188,430

163,860

166,909

151,395

61,736

Intangibles

48,752

41,236

34,733

25,299

23,309

Cost in Excess

-

-

-

-

-

Non-Current Deferred Income Taxes

17,442

19,315

18,446

15,001

17,056

Other Non-Current Assets

31,081

22,675

12,413

19,349

1

Total Non-Current Assets

333,830

294,658

287,006

236,294

116,595

Total Assets

716,590

685,177

611,289

479,440

382,168

Liabilities [+]

in Thousands of Dollars

12/2019

12/2018

12/2017

12/2016

12/2015

Accounts Payable

(16,539)

(17,705)

(18,163)

(3,276)

(21,651)

Short Term Debt

61,520

69,087

41,613

50,772

62,481

Notes Payable

-

-

-

-

-

Accrued Expenses

-

-

-

-

-

Accrued Liabilities

-

-

-

-

-

Deferred Revenues

-

-

-

-

-

Current Deferred Income Taxes

-

-

-

-

-

Other Current Liabilities

256,718

278,124

272,458

220,490

213,562

Total Current Liabilities

301,698

329,506

295,908

267,987

254,392

Long Term Debt

45,820

61,352

101,395

87,996

52,600

Deferred Income Tax

341

483

652

788

764

Other Non-Current Liabilities

59,858

53,344

53,592

31,908

27,300

Minority Interest

2,350

1,713

1,178

747

471

Capital Lease Obligations

17,015

-

-

-

-

Preferred Securities of Subsidiary Trust

-

-

-

-

-

Preferred Equity Outside Shareholders' Equity

-

-

-

-

-

Total Non-Current Liabilities

125,383

116,892

156,817

121,440

81,135

Total Liabilities

427,081

446,398

452,725

389,427

335,527

Preferred Shareholder's Equity

-

-

-

-

-

Common Shareholder's Equity

289,509

238,778

158,565

90,013

46,641

Total Equity

289,509

238,778

158,565

90,013

46,641

Total Liabilities & Shareholder's Equity

716,590

685,177

611,289

479,440

382,168

Income statement:

Income [+]

in Thousands of Dollars

12/2019

12/2018

12/2017

12/2016

12/2015

Operating Revenue

750,641

728,723

704,714

584,410

555,474

Adjustments to Revenue

N/A

N/A

N/A

N/A

N/A

Cost of Revenue

394,784

391,874

373,405

329,512

315,163

Gross Operating Profit

321,020

311,576

302,604

230,593

219,170

Selling/General/Admin Expense

(12,851)

(9,999)

(13,466)

(11,317)

(8,094)

Research & Development

-

-

-

-

-

EBITDA (Operating Income Before Depreciation)

155,192

149,987

133,488

95,814

82,308

Depreciation & Amortization

(34,837)

(25,272)

(28,706)

(24,305)

(21,142)

Operating Income

120,355

124,714

104,783

71,509

61,166

Interest Income

534

665

450

204

139

Other Income, Net

-

-

-

-

-

Total Income Before Interest Expense (EBIT)

120,355

124,714

104,783

71,509

61,166

Interest Expense

(954)

(1,231)

(1,657)

(2,329)

(1,492)

Income Before Tax

119,401

123,484

103,126

69,180

59,675

Income Taxes

(25,427)

(16,074)

(29,607)

(23,698)

(28,896)

Minority Interest

607

503

352

141

202

Net Income from Continuing Operations

93,974

107,409

73,519

45,482

30,779

Net Income from Discontinued Operations

-

-

-

-

-

Net Income from Total Operations

93,974

107,409

73,519

45,482

30,779

Normalized Income

94,052

107,421

74,242

45,548

31,370

Extraordinary Income/Loss

-

-

-

-

-

Special Income/Charges

(77)

(11)

(723)

(65)

(591)

Income from Cum. Effect of Acct Change

-

-

-

-

-

Income from Tax Loss Carryforward

-

-

-

-

-

Other Gains

(607)

(503)

(352)

(142)

(202)

Total Net Income

93,367

106,906

73,167

45,340

30,577