2015

2014

 a.

Total current assets

$364,000

=

1.6

$370,000

=

1.54

Total current liabilities

$227,000

$240,000

b.

Cash + Cash

$91,000 + 0

 =

0.4

$88,000 + 0

=

0.37

equivalents

$227,000

$240,000

Total current liabilities

c.

Net income + Income

$51,000 +

=

6.38

$37,000 + 21,000

=

4.63

tax expense + Interest

_{19,000 +13,000}

16,000

expense

$13,000

$16,000

Interest expense

d.

Cost of Goods Sold

$239,000

=

1.58

$212,000

=

1.17

Average Merchandise

($144,000 +

($158,000 +

Inventory

158,000) / 2

204,000) / 2

e.

Gross Profit

$221,000

=

48.00%

$210,000

=

 49.80%

Net Sales

$460,000

$422,000

f.

Total Liabilities

$344,000

 =

1.45

$336,000

=

1.60

       Total Equity 

$237,000

=

36.70%

$210,000

g.

Net income - Preferred dividends

$51,000 - (3% A

92,000)

 =

$4.39

$37,000 - (3% x

 =

33.10%

10,000

92,000)

Average Common

Stockholder's Equity

($145,000 +

118,000)/2 / 2

($118,000 +

89,000) / 2

Net income -

$48,240

$34,240

h.

Preferred dividends

 =

 =

 $3.42

Weighted average number of common shares outstandin

(12,000 +

10,000) / 2

i.

Market Price per share

$86.58

19.72

$46.54

13.6

of common stock

$4.39

$3.42

Earnings Per Share