Using the provided 3 years worth of financial statements for your chosen company, perform a ratio analysis for the below key ratios and write a 2 -3 page analysis of your findings. Be sure to compare and contrast your data, including your interpretation of the data. Also, embed the results from your Excel spreadsheet in the appendix of your Word document.

Liquidity

1. Current ratio
2. Quick ratio

Asset utilization

1. Inventory turnover
2. Total asset turnover

Debt utilization

1. Debt to total assets
2. Times interest earned

Profitability ratios

1. Profit margin

ROE (DuPont Formula)

Balance Sheet
All numbers in thousands
Period Ending	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Current Assets
Cash And Cash Equivalents	11,212,000	9,774,000	12,138,000	15,954,000
Short Term Investments	8,313,000	11,841,000	7,582,000	9,222,000
Net Receivables	8,164,000	8,700,000	8,337,000	9,078,000
Inventory	10,663,000	11,040,000	13,764,000	13,642,000
Other Current Assets	3,831,000	14,619,000	4,510,000	15,092,000
Total Current Assets	68,744,000	76,203,000	69,408,000	83,626,000
Long Term Investments	7,886,000	8,052,000	9,201,000	8,350,000
Property Plant and Equipment	36,253,000	32,603,000	31,229,000	27,743,000
Goodwill	490,000	490,000	-	-
Intangible Assets	3,959,000	4,259,000	4,547,000	4,983,000
Accumulated Amortization	-	-	-	-
Other Assets	27,946,000	45,918,000	39,350,000	27,695,000
Deferred Long Term Asset Charges	23,544,000	33,172,000	36,860,000	25,414,000
Total Assets	212,482,000	221,690,000	194,338,000	177,501,000
Current Liabilities
Accounts Payable	23,929,000	23,333,000	24,062,000	22,529,000
Short/Current Long Term Debt	-	-	-	-
Other Current Liabilities	8,507,000	20,112,000	10,765,000	11,293,000
Total Current Liabilities	76,890,000	85,181,000	71,217,000	65,657,000
Long Term Debt	10,544,000	9,500,000	7,948,000	8,853,000
Other Liabilities	32,138,000	41,108,000	39,249,000	44,099,000
Deferred Long Term Liability Charges	-	-	-	-
Minority Interest	1,199,000	239,000	452,000	567,000
Negative Goodwill	-	-	-	-
Total Liabilities	176,282,000	177,615,000	154,015,000	141,477,000
Stockholders' Equity
Misc. Stocks Options Warrants	-	-	-	-
Redeemable Preferred Stock	-	-	-	-
Preferred Stock	-	-	-	-
Common Stock	14,000	15,000	15,000	16,000
Retained Earnings	17,627,000	26,168,000	20,285,000	14,577,000
Treasury Stock	-8,011,000	-9,330,000	-8,036,000	-8,073,000
Capital Surplus	25,371,000	26,983,000	27,607,000	28,937,000
Other Stockholder Equity	-8,011,000	-9,330,000	-8,036,000	-8,073,000
Total Stockholder Equity	35,001,000	43,836,000	39,871,000	35,457,000
Net Tangible Assets	29,152,000	37,687,000	33,924,000	29,047,000