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Using exhibit 24-1 and 24-3, Calculate the current ratio, days in accounts receivable, total asset turnover, interest coverage, Long term debt to stockholders equity, profit margin, and return on equity for 2018 show your work.

EXHIBIT 24-1 Pacioli Wholesale Corporation Statement of Financial Position As of June 30, 2018 and June 30, 2017 2018 2017 ASSETS Current Assets Cash Marketable Securities Accounts Receivable, Net of Uncollectible 2.7% $ 8,000 2.5% $ 7,000 4.0% 12,000 3.2% 9,000 Accounts Inventory Prepaid Expenses 7.4% 22,000 16.4% 49,000 1.0% 3,000 314% $94,000 10.8% 30,000 14.4% 40,000 .7%-2,000 31.7%$88,000 Total Current Assets Fixed Assets Buildings and Equipment Less Accumulated Depreciation Net Building and Equipment Land 50.2% $150,000 43.2% $120,000 13.4% 40,000 10.8%-30,000 36.8% $110,000 32.4% $ 90,000 16.7% 50,000 81.0% 50,000 53.5% $160,000 50.4% $140,000 15.1% $ 45,000 18.0% $ 50,000 100.0% $299,000 100.0% $278,000 Total Fixed Assets Goodwill TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Wages Payable Accounts Payable Taxes Payable 10 1.0% $ 3,000 .7% $ 2,000 9.7% 29,000 9.0% 25,000 5.0% 15,000 4.3% 12,000 15.7% $ 47,000 140%$39,000 Total Current Liabilities Long-Term Liabilities Mortgage Payable Bond Payable Deferred Taxes 15.1% $ 45,000 18.0% $ 50,000 33.4% 100,000 36.0% 100,000 13.0% 39,000 12.6%-35,000 61.5% $184,000 66.5% $185,000 Total Long-Term Liabilities Stockholders' Equity Common Stock, $1 Par Common Stock-Excess over Par Preferred Stock, 10%, $100 Par, 100 Shares Retained Earnings 396 $ 1,000 .4% $ 1,000 8.0% 24,000 8.6% 24,000 3.3% 10,000 3.6% 10,000 11.0% 33,000 6.8% 19,000 Total Stockholders' Equity TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 4,000 22.7% $68,000 19.4% 100.0% $299,000 100.0% $270 The accompanying notes are an integral part of these statements. 24-. Exhibit n 24-2 I also provides common size resented alance sheet and income statement ratios. EXHIBIT 24-3 Pacioli Wholesale Corporation Income Statement For the Years Ending June 30, 2018 and June 30, 2017 2018 2017 Sales Less Cost of Good Sold Gross Profit Operating Expenses 100.0% $297,000 54.5% 162,000 45.5% $135,000 100.0% $246,000 58.1% 143,000 $103,000 41.9% Selling Expenses General Expenses Administrative Expenses Total Operating Expenses Operating Income Interest Expense Income before Taxes ncome Taxes Net Income 10.1% $30,000 10.2% $25,000 4.0% 12,000 4.1% 10,000 16.5% 49,000 16.3% 40,000 30.6% $ 91,000 30.5% $75,000 14.8% $44,000 11.4% $ 28,000 4.0% 12,000 4.1% 10,000 10.8% $32,000 7.3% $ 18,000 4.4% 13,000 2.8% 7,000 6.4% $ 19,000 4.5% $ 11,000 The Balance Sheet: Assets Looking at the balance sheet (Exhibit 24-1), we can begin to get a general feeling about PW by comparing the common size ratios for two years. Note that there will typically be some rounding errors in ratio analysis. We could eliminate them 2,6756 percent. We generally don't bother with such precision. Ratios can't give eir users a precise picture of the firm. They are meant to serve as general ually impossible to interpret minor y being more precise. For example, in 2018 the ratio of cash to total assets really is their ronveyors of broad information. Our concern is if a number is particularly out of

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