Use the following information to answer the questions below:
	note: all sales are credit sales
	Income Stmt info:	2014	2015
	Sales	$ 1,050,000	$ 1,128,750
	less Cost of Goods Sold:	325,000	346,125
	Gross Profit	725,000	782,625
	Operating Expenses	575,000	609,500
	Earnings before Interest & Taxes	150,000	173,125
	Interest exp	25,000	29,000
	earnings before Taxes	125,000	144,125
	Taxes	50,000	57,650
	Net Income	$ 75,000	$ 86,475
	Balance Sheet info:	12/31/2014	12/31/2015
	Cash	60,000	$ 66,000
	Accounts Receivable	80,000	$ 83,200
	Inventory	110,000	$ 119,900
	Total Current Assets	$ 250,000	$ 269,100
	Fixed Assets (Net)	$ 300,000	$ 318,000
	Total Assets	$ 550,000	$ 587,100
	Current Liabilities	$ 130,000	$ 136,500
	Long Term Liabilities	$ 150,000	$ 170,000
	Total Liabilities	$ 280,000	$ 306,500
	Stockholder's Equity	$ 270,000	$ 280,600
	Total Liab & Equity:	$ 550,000	$ 587,100

Compute each of the following ratios for 2014 and 2015 and
indicate whether each ratio was getting "better" or "worse" from 2014 to 2015
and whether the 2015 ratio was "good" or "bad" compared to the Industry Avg.
(round all numbers to 2 digits past the decimal place)

	2014	2015	Getting Better or Getting Worse?	2015 Industry Avg	"Good" or "Bad" compared to Industry Avg
Profit Margin				0.11
Current Ratio				1.90
Quick Ratio				1.12
Return on Assets				.26
Debt to Assets				.55
Receivables turnover				18.00
Avg. collection period*				21.20
Inventory Turnover**				8.25
Return on Equity				0.25
Times Interest Earned				8.15
*Assume a 360 day year
**Inventory Turnover can be computed 2 different ways. Use the formula listed in the text
(the one the text indicates many credit reporting agencies generally use)