Below Is Information from Darren Company's 2012 Financial Statements

Essay

Below is information from Darren Company's 2012 financial statements.
$\begin{array}{lrr}\text { Cash and short-term investments } & \$ 958,245 & \$ 745,800 \\\text { Accounts Receivable (net) } & 125,850 & 135,400 \\\text { Inventories } & 195,650 & 175,840 \\\text { Prepaid Expenses and other current assets } & 45,300 & 30,860\\\text { Total CurrentAssets } & \$ 1,325,045 & \$ 1,087,900 \\\text { Plant, Property and Equipment, net } & 1,478,320 & 1,358,700 \\\text { Intangible Assets } & 125,600 & 120,400\\\text { Total Assets }&\$ 2,928,965& \$ 2,567,000 \\\\\text { Short-term borrowings } & \$ 25,190 & \$ 38,108 \\\text { Current portion of long-term debt } & 45,000 & 40,000 \\\text { Accounts payable } & 285,400 & 325,900 \\\text { Accrued liabilities } & 916,722 & 705,891 \\\text { Income taxes payable } & 125400 & 115600\\\text { Total Current Liabilities } & \$ 1,397,712 & \$ 1,225,499 \\\text { Long-term Debt } & 450,000 & 430,000 \\\text { Total Liabilities } & \$ 1,847,712 & \$ 1,655,499 \\\text { Shareholders'Equity } & \$ 1,081,253 & \$ 911,501\\\text { Total Liabilities and Shareholders' Equity }&\$ 2,928,965 &\$ 2,567,000 \\\end{array}$

$\begin{array}{l}\begin{array} { | l r | } \hline \text { Selected Incame Statement Data - for the year ending December } 31,2012 \\\text { Net Sales } & \$ 3,210,545 \\\text { Cast of Goods Sold } & \mathbf { 2 , 3 1 0 , 2 1 0 ) } \\\text { Operating Incame } & \mathbf { 9 0 0 , 4 3 5 } \\\text { Net Incame } & \mathbf { 3 2 4 , 6 5 0 } \\\hline \text { Selected Statement of Cash Flaw Data - for the year ending December } 31,2012 \\\text { Cash Flows fram Operations } & \$ 584,750 \\\text { Interest Expense } & 42,400 \\\text { Incame Tax Expense } & 114,200 \\\hline\end{array}\end{array}$
Using this information,calculate the following ratios: