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Entrepreneurial Financial Management 3040 Chapter Five Homework Assignment On page 186 of our text, you will find financial statements for Salza Technology Corporation. 1. Calculate the following for 2015 and 2016. Given we do not have a balance for 2014, do not calculate any averages from the balance sheet. For example, when calculating the current ratio for 2015, apply this formula: 2015 current assets / 2015 current liabilities). For each ratio below, I included a formula for the 2015 calculations without averages. Use these formulas for both 2015 and 2016. State your ratios and percentages correctly! Specifically explain what each ratio means. Round to two decimal places a. Current ratio [2015 current assets / 2015 current liabilities] b. Quick ratio [(2015 current assets - 2015 inventories)/2015 current liabilities] c. Sales-to-total assets [2015 revenue / 2015 total asy sets] d. Return-on-assets [2015 net Profit/2015 total assets] e. Return-on-equity [2015 net Income / 2015 owners' equity] f. Total-debt-to-total-assets [2015 total debt / 2015 total assets] g. Gross profit margin [(2015 Net Sales 2015 COGS)/2015 Net Sales] h. Operating profit margin [2015 EBIT / 2015 Net Sales] i. Net profit margin [2015 Net Profit/2015 Net Sales] 2. From your calculations, what observations or suggestions would you make? SALZA TECHNOLOGY CORPORATION ANNUAL INCOME STATEMENTS (IN S THOUSANDS) 2015 2016 Net sales Less: Cost of goods sold Gross profit Less: Operating expenses Less: Depreciation Less: Interest Income before taxes Less: Income taxes Net income Cash dividends $375 -225 150 -46 -25 -4 75 -20 $ 55 $ 17 $450 -270 180 -46 -30 -4 100 -30 $ 70 $ 20 BALANCE SHEETS AS OF DECEMBER 31 (IN $ THOUSANDS) 2015 $ 39 50 2016 $ 16 80 204 300 290 240 Cash Accounts receivable Inventories Total current assets Gross fixed assets Less accumulated depreciation Net fixed assets Total assets Accounts payable Bank loan Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity ASE||| $ 30 | B8%EW 165 $465 $ 45 27 23 95 15 120 235 $465 60 15 $345