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^{BARRY'S SUPERSTORE Comparative Year-End Income Statements}

^{Prior Year}

^{Not sales $100,000}

^{Cost of Goods Sold 50,000}

^{Gross Profit 50.000}

^{Rent Expense 5,000}

^{Depreciation Expense 2,500}

^{Salaries Expense 3,000}

^{Utility expense 1,500}

^{Operating income 38,000}

^{Interest Expense 3,000}

^{Income Tax Expense 5,000}

^{Net income $30,000}

^{Current Year}

^{Not sales $120,000}

^{Cost of Goods 60,000}

^{Gross Profit 60.000}

^{Rent Expense 5,500}

^{Depreciation Expense 3,600}

^{Salaries Expense 5,400}

^{Utility expense 2,500}

^{Operating income 43,000}

^{Interest Expense 2,000}

^{Income Tax Expense 6,000}

^{Net income $35,000}

BARRY'S SUPERSTORE Comparative Year-End Balance Sheets

Prior Year

Cash $90,000

Accounts Receivable 20,000

Inventory 35,000

Short-Term Investments 15,000

Total Current Assets 160,000

Equipment 40,000

Total Assets $200,000

Liabilities:

Accounts Payable $60,000

Unearned Revenue 10,000

Total Current Liabilities 70,000

Notes Payable 40,000

Total Liabilities 110,000

Stockholder Equity

Common Stock 75,000

Ending Retained Earnings 15,000

Total Stockholder Equity 90,000

Total Liabilities and Stockholder Equity $200,000

Current Year

Cash $110,000

Accounts Receivable 30,000

Inventory 40,000

Short-Term Investments 20,000

Total Current Assets 200,000

Equipment 50,000

Total Assets $250,000

Liabilities:

Accounts Payable 75,000

Unearned Revenue 25,000

Total Current Liabilities 100,000

Notes Payable 50,000

Total Liabilities 150,000

Stockholder Equity

Common Stock 80,000

Ending Retained Earnings 20,000

Total Stockholder Equity 100,000

Total Liabilities and Stockholder Equity $250,000

I can please get answers for these questions? based on Barrys Income Statements and Balance Sheets Debt to Equity Ratio = Total Liabilities/Shareholders Equity (3 points) (Prior year)= (Current year)= Return on Equity Ratio = Net Income/Shareholders Equity (3 points) (Prior year)= (Current year)= Net Profit Margin Ratio = (Net Income/Sales)*100 (3 points) (Prior year)= (Current year)= Accounts Receivable Turnover = Net Credit Sale/Average Accounts Receivable (3 points) (Prior year)= (Current year)= Inventory Turnover = Cost of Goods Sold/Average Inventory (3 points) (Prior year)= (Current year)= Based on each of the ratios, what can be inferred from the difference between the prior and current year (7 points) (Prior year)= (Current year)=

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