You'll need to compare your company's ratios with the industry's standards.

Worldwide Widget Manufacturing, Inc. Company. Industry. ComparisonCurrent ratio. 2.2 timesQuick ratio. 1.1 timesCash ratio. 0.35 timesInventory turnover. 2 times or 1 timeDays' sales in inventory. 135 days or 335 daysAverage payment period. 110 daysSales to working capital. 3 timesTotal asset turnover. 0.6 timesDebt-to-equity. 1.1 timesProfit margin. 16.5%Gross profit margin. 48.13%ROA. 8.78%ROE. 19.45%Dividend payout.

Statement of Retained Earnings as of December 31, 2015 (in millions of dollars) Balance of retained earnings, December 31, 2014 $1,142 Plus: Net income for 2015 Preferred stock 98 w. 36064 Common stock 219 Total cash dividends paid 317 Balance of retained earnings, December 31, 2015 $1,489 w. Plus: Net income for 2015 x. Preferred stock 898 317- 219- 98 eff 1B. For each of the items listed below, indicate on which of the major statements they would be found (1, 2, 3, or 4) and the amount shown on the statements above: 1. Balance sheet 3. Statement of cash flows 2. Income statement 4. Statement of retained earnings 1. Earnings before taxes for 2015 ; $ 4, 8 8628949 2. Gross plant and equipment for 2015 Li$ 3240 esion tidesmini 3. Increase in fixed assets, December 31, 2015 3:$ -3434231 1( 3240- 2 4. Net sales for 2015 2:$2 , 376 1423 + 75 5. Balance of retained earnings, December 31, 2015 L:$ 1489 = 2,376 6. Common stock and paid-in surplus for 2014 _;$ 500 7. Net cash flow from investing activities, December 31, 2015 $ 37 7 3 8. Increase in inventory, December 31, 2015 3 :$ 0 9. Accrued wages and taxes for 2014 $ 257 10. Book value per share (BVPS) for 2015 NONEWorldwide Widget Manufacturing, Inc. Statement of Cash Flows for Year Ending December 31, 2015 (in millions of dollars) Section A. Cash flows from operating activities Net income Additions (sources of cash): 1489+ 317-1142 = n 604 Depreciation 114 Increase in accrued wages and taxes 309- 257 0. ?52 Increase in accounts payable 62 Subtractions (uses of cash): Increase in accounts receivable Increase in inventory ( 1612) 815- 792- 41 - 15 p . ? Net cash flow from operating activities 66 4+ 114+52+62041615-8? Section B. Cash flows from investing activities Subtractions: Increase in fixed assets Increase in other long-term assets 521 - 457 -$343 - 34/. ? Net cash flow from investing activities: - 343 # 34 Section C. Cash flows from financing activities Additions: Increase in notes payable Increase in common and preferred stock 492#- 421 0 Subtractions: Decrease in long-term debt -25 Pay dividends Net cash flow from financing activities: 219 + 98 -3 17 4. ? Section D. Net change in cash and marketable securities 71+0-25-317=185*3271 $105 n. Net income 9604 o. Increase in accrued wages and taxes p. Increase in inventory / q. Net cash flow from operating activities 833 958883 r. Increase in other long-term assets $34 s. Net cash flow from investing activities 327 8 457 t. Increase in notes payable U. Pay dividends $317 V. Net cash flow from financing activities 185 271Worldwide Widget Manufacturing, Inc. Statement of Cash Flows for Year Ending December 31, 2015 (in millions of dollars) Section A. Cash flows from operating activities Net income Additions (sources of cash): 1489+ 317-1142 = n 604 Depreciation 114 Increase in accrued wages and taxes 309- 257 0. ?52 Increase in accounts payable 62 Subtractions (uses of cash): Increase in accounts receivable Increase in inventory ( 1612) 815- 792- 41 - 15 p . ? Net cash flow from operating activities 66 4+ 114+52+62041615-8? Section B. Cash flows from investing activities Subtractions: Increase in fixed assets Increase in other long-term assets 521 - 457 -$343 - 34/. ? Net cash flow from investing activities: - 343 # 34 Section C. Cash flows from financing activities Additions: Increase in notes payable Increase in common and preferred stock 492#- 421 0 Subtractions: Decrease in long-term debt -25 Pay dividends Net cash flow from financing activities: 219 + 98 -3 17 4. ? Section D. Net change in cash and marketable securities 71+0-25-317=185*3271 $105 n. Net income 9604 o. Increase in accrued wages and taxes p. Increase in inventory / q. Net cash flow from operating activities 833 958883 r. Increase in other long-term assets $34 s. Net cash flow from investing activities 327 8 457 t. Increase in notes payable U. Pay dividends $317 V. Net cash flow from financing activities 185 271Worldwide Widget Manufacturing, Inc. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) 2016 2014 2015 2014 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable $ 427 $ 322 Accrued wages and $ 309 $ 257 securities taxes Accounts receivable 1542-815-427 300 259 Accounts payable 319 Inventory 815 797 Notes payable 997-42/-257 $ 492 $ 421 Total $1,542 $1,378 Total $1,182 $997 Fixed assets: Long-term debt: 1,934 Gross plant 4928-1472-977 1959 and equipment 3240 $2,817 Total 3, 116 2,956 Less: Depreciation 368 254 Stockholders' equity: Net plant and $2,872 $2,563 Preferred stock $ 30 $30 equipment (30 million shares) Other long-term 521 487 Common stock 300 assets and paid-in surplus e . ? (250 million shares) /412- 114830 20 Retained earnings 1,489 1,142 Total FA 2872+ 521 33 93 $3,050 Total Equity $1,819 $1,472 Total assets $4,935 $4,428 Total liabilities $4,935 $4,428 and equity a. Accounts receivable for 2015 300 $153 b. Accounts payable for 2014_319 C. Long-term debt for 201# 19 9 equipment for 201 $3240 997 - e. Common stock and paid-in surplus (250 million shares) for 2014 300 f. Total FA for 2015 3,393 2