Perform the following ratio analysis for 2014.

Below are the condensed comparative Income Statements and Balance Sheets for Zigoscar
Corporation for 2014 and 2013.
Zigoscar Corporation
Comparative Income Statements
For the years ended December 31, 2014 and 2013
2014 2013
Net Sales $                 6,553,600 $                 6,292,800
Cost of goods sold                      4,177,600                      4,016,800
Gross Margin                      2,376,000                      2,276,000
Operating expenses:
Selling Expenses                          953,600                      1,036,000
Administrative expenses                          894,400                          846,400
Total Expenses                      1,848,000                      1,882,400
Income from operations                          528,000                          696,900
Interest Expense                          131,200                            78,400
Income before taxes                          396,800 $               315,200.00
Income tax expense                          124,800                          113,600
Net Income $                     272,000 $                       21,600
Earnings per share $                             3.40 $                             2.52
Zigoscar Corporation
Comparative Balance Sheets
December 31, 2014 and 2013
2014 2013
Assets
Cash $                     162,400 $                       81,600
Accounts receivable (net)                          471,200                          458,400
Inventory                      1,149,600                      1,189,600
Property, Plant & Equip (net)                      1,500,000                      1,440,000
Total Assets $                 3,283,200 $                 3,169,600
Liabilities and Stockholders Equity
Accounts payable $               535,200.00 $               954,400.00
Notes payable (short term)                          400,000                          800,000
Bonds payable                          800,000                                        –
Common stock, $10 par value                          800,000                          800,000
Retained earnings                          748,000                          615,200
Total Liab. & Stockholders Equity $                 3,283,200 $                 3,169,600
The depreciation expense in 2014 was 5,000. From this information, please complete the following:
1. Create a Statement of Cash Flows of Operations for the year 2014
2. Conduct a Horizontal analysis of the above income statement and balance sheet showing
     the amount and percentage chages from 2013 to 2014 (Round to one decimal place).
3. Perform the following ratio analysis for 2014.
1. Current Ratio
2. Quick Ratio
3. Receivables Turnover
4. Inventory Turnover
5. Profit margin
6. Return on assets
7. Debt to Equity ratio

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.

[order_calculator]