the balance sheet for Pettyjohn Inc. are shown below. Note that the firm has no amortization charges, nor does not lease any assets.,,Balance Sheet 12/31/2010 (X1,000),,Assets Liabilities and Equity,,Cash and Securities $ 1,554 Accounts payable $ 7,980,Accounts Receivable 9,660 Notes Payable 5,880,Inventories 13,440 Accruals 4,620,Total Current Assets $ 24,654 Total current Liabilities $ 18,480,Net Plant & Equipment 17,346 Long Term Bonds 10,920, Total Assets $ 42,000 Total Liabilities $ 29,400, Common Equity 3,360, Retained Earnings 9,240, Total Equity $ 12,600, Total liabilities + Equity $ 42,000,,,,,,,,Income statement, 2010,,Sales $ 58,800,Operating Costs 54,978,Depreciation 1,029,EBIT $ 2,793,Interest Expense 1,050,EBT $ 1,743,Taxes 610, After Tax Net Income $ 1,333,,Other Data:,,Shares Outstanding 175,000,000,Dividends paid $509.830,000,Interest Rate on Borrowed Capital 6.25%,Interest on Bonds 6.25%,Federal + State Income tax Rate 35%,Year End Closing Stock Price (NYSE) $77.69,,A. Calculate the:,Current ratio,Quick Ratio,DSO,Inventory Turnover Ratio,Debt Ratio,Asset/Liability Ratio,EBITDA Coverage Ratio,B. Fully analyze the financial condition of this firm using the ratios calculated.,C. What actions would you recommend to improve their circumstances?,D. What additional information would you like to see to complete your analysis?,,
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