Solve the problem below, calculate the ratios, interpret the results against the industry average, and fill in the table on the worksheet. Then, provide an analysis of how those results can be used by the business to improve its performance.
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Balance Sheet as of December 31, 2010
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Gary and Company
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Cash
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$45
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Accounts payables
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$45
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Receivables
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66
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Notes payables
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45
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Inventory
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159
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Other current liabilities
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21
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Marketable securities
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33
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Total current liabilities
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$111
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Total current assets
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$303
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Net fixed assets
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147
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Long Term Liabilities
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Total Assets
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$450
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Long-term debt
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24
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Total Liabilities
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$135
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Owners Equity
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Common stock
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$114
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Retained earnings
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201
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Total stockholders
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