values provided in the textbook to get insights about the company. WEST MOUNTAIN CONSTRUCTION INCOME STATEMENT Last REVENUES 789.839 WEST MOUNTAIN CONSTRUCTION BALANCE SHEET Current Year ASSETS CURRENT ASSETS 32.387 Accounts Receihuahite-Trade 74 526 Account Race Retention 6.888 Invertory 0 Cats and Polish Excess of Billings 9.177 Notes Recht 3.139 Prepaid Expenses 735 Other Current Assets 3,114 Total Current Assets 129,966 34.8.26 38.212 4.235 0 4,549 0 1.061 1.119 84,002 CONSTRUCTION COSTS Materials Labor Subcontract Equipment Other Total Construction Costs 92.214 199,690 401.948 20.833 1352 716,037 FIXED AND OTHER ASSETS Construction Equipment Trucks and Autos Orice Equipment Total Raed Assets Less Acc. Depreciation Net Fund Assets Other Assets Total Assets EQUIPMENT COSTS Rent and Lease Payments Depreciation Repairs and Maintenance Fuel and Lubrication Taxes, Licenses, and Insurance Equipment Costs Charged to Jobs Total Equipment Costs 3,773 6,673 2,734 7.289 364 20.833 0 39.229 8,981 8,057 56,267 46,562 9,705 45,996 185,667 39,229 8.981 8,057 56,267 39.889 16,378 50,462 150,842 GROSS PROFIT 73,802 OVERHEAD 53.827 NET PROFIT FROM OPERATIONS 19,975 OTHER INCOME AND EXPENSE 1,162 PROFIT BEFORE TAXES 21,137 LIABILITIES Current Lines Accounts Payable-Trade Accounts Payable-Retention Bilings in Excess of Costs and Profits Notas Payable Accrued Payables Accrued Taxes Accrued Vacation Other Current Liabilities Total Current Liabilities Long-Term Liabilities Total Liabilities INCOME TAX 3,921 38.682 3,768 1,424 4,022 4,574 2,718 606 6,605 62.399 61,544 123,943 35,772 3,536 2,022 5,791 2,254 2,405 308 5,330 57,418 48,916 106,334 PROFIT AFTER TAXES 17.216 OWNER'S EQUITY Capital Stock Retained Earnings Current Period Net Income Total Equity Total Liabilities and Equity 10,000 51,724 0 61,724 185,667 10,000 34,508 0 44,508 150,842 9. Determine the assets to revenues ratio. What insight does this give you into the company's financial operations? (2 points) 10. Determine the working capital turns. What insight does this give you into the company's financial operations? (2 points) a. Working Capital (1 point) b. Working Capital Turns (1 point) 11. Determine the accounts payable to revenues ratio. What insight does this give you into the company's financial operations? (2 points) a. Average Accounts Payable (1 point) b. Accounts Payable to Revenues (1 point) 12. Determine the gross profit margin. What insight does this give you into the company's financial operations? (1 points)