For the Year Ended Dec. 31 2017 As of Dec. 31 2017 2017 2016 Assets 2017 2016 Sales 3,074,000 2,567,000 Cash 431,000 339,000 Cost of Goods Sold 2,088,000 1,711,000 Accounts Receivable 503,000 365,000 Gross Profit 986,000 856,000 Inventories 289,000 300,000 Selling and G&A Expenses 294,000 295,000 Total Current Assets 1,223,000 1,004,000 Fixed Expenses 35,000 35,000 Gross Fixed Assets 4,669,000 4,322,000 Depreciation Expense 239,000 223,000 Accumulated Depreciation 2,295,000 2,056,000 EBIT 418,000 303,000 Net Fixed Assets 2,374,000 2,266,000 Interest Expense 93,000 91,000 Total Assets 3,597,000 3,270,000 Earnings Before Taxes 325,000 212,000 Liabilities and Owners' Equity Taxes 94,000 64,000 Accounts Payable 382,000 270,000 Net Income 231,000 148,000 Short-term Notes Payable 79,000 99,000 Accrued Expenses 159,000 114,000 Total Current Liabilities 620,000 483,000 Long-term Debt 1,023,000 967,000 Total Liabilities 1,643,000 1,450,000 Common Stock 819,000 808,000 Retained Earnings 1,135,000 1,012,000 Total Shareholder's Equity 1,954,000 1,820,000
Total Liabilities and Owners' Equity 3,597,000 3,270,000
Industry Ratio 2017 2016 Analysis Current Ratio 2017 2.50x Quick Ratio 1.00x Inventory Turnover Ratio 7.00x Accounts Receivable Turnover Ratio 10.70x Average Collection Period 33.64 days Fixed Asset Turnover 11.20x Total Asset Turnover 2.60x Total Debt Ratio 50.00% Long-Term Debt Ratio 20.00% LTD to Total Capitalization 28.57% Debt to Equity 1.00x Long-Term Debt to Equity 40.00% Times Interest Earned 2.50x Cash Coverage Ratio 2.80x Gross Profit Margin 17.50% Operating Profit Margin 6.25% Net Profit Margin 3.50% Return on Total Assets 9.10% Return on Equity 18.20% Return on Common Equity 18.20% Instructions:
1. fill in the ratios for both years
2. Calculate the analysis using IF,AND and OR statement