Redard Corporation Comparative Balance Sheets June 30, 2013 andJune 30 2014 Assets 2013 2014 Cash 50,000 164,800 AccountsReceivable 230,000 195,200 Inventory 420,000 320,000 PrepaidExpenses 6,000 5,000 Furniture 144,000 148,000 Accumulated Depr -Furniture (24,000) (42,000) Total Assets 826,000 791,000Liabilities & Stockholder’s Equity Accounts Payable 200,400143,400 Income tax payable 7,400 4,400 Notes Payable (Long term)20,000 40,000 Bond Payable 200,000 100,000 Common Stock $10 parvalue 200,000 240,000 Additional paid in capital 121,440 181,440Retained Earnings 76,760 81,760 Total Liabilities & S/E 826,000791,000 Redard Corporation Income Statement June 30, 2014 Sales1,609,000 Cost of Goods Sold 1,127,800 Gross Profit 481,200Operating Expenses 349,400 Operating Income 131,800 Gain on sale offurniture 7,000 Interest expense 23,200 Income before income taxes115,600 Income tax expense 4,600 Net Income 111,000 Additionalinformation: 1. Paid dividends of $6,000 2. Market price – $75.00Find the following ratios for 2014: 1. Current Ratio 2. Quick Ratio3. Accounts Receivable Turnover 4. Days to Collect 5. InventoryTurnover 6. Days on hand 7. Payable Turnover 8. Days to pay 9. Debtto Equity Ratio 10. Number of times interest Earned 11. ProfitMargin 12. Assets Turnover 13. Return on Assets 14. Return onEquity 15. Earnings per Share 16. Price/Earnings Ratio 17. DividendYield