Using the data provided in the below financial statements, calculate the following for Alpine Chemical for 2014.
a.) Funds from operations/Total capitalization
b.) Long-term debt/Total capitalization
|
Assets
|
|
|
Cash
|
0
|
|
A/R
|
3451
|
|
Inventories
|
1643
|
|
Other current asssets
|
171
|
|
Current assets
|
5265
|
|
|
|
|
Gross fixed assets
|
7187
|
|
Less: acc. Depreciation
|
3893
|
|
Net fixed assets
|
3294
|
|
Total assets
|
8559
|
|
|
|
|
Liabilities and net worth
|
|
|
Notes payable
|
1900
|
|
Accounts payable
|
978
|
|
Accrued liabilities
|
761
|
|
Current liabilities
|
3639
|
|
|
|
|
Long-term debt
|
1491
|
|
Deferred tax credits
|
354
|
|
Total liabilities
|
5484
|
|
|
|
|
Common stock
|
100
|
|
Capital surplus
|
0
|
|
Retained earnings
|
2975
|
|
Net worth
|
3075
|
|
|
|
|
Total liabilities and net worth
|
8559
|
|
|
|
|
|
|
|
|
|
|
Income statement
|
2014
|
|
Net Sales
|
19460
|
|
Cost of goods sold
|
13117
|
|
Gross profit
|
6343
|
|
|
|
|
Operating expenses
|
3885
|
|
Operating income
|
2458
|
|
|
|
|
Interest expenses
|
318
|
|
Depreciation expenses
|
511
|
|
Preofit before taxes
|
1629
|
|
|
|
|
Income taxes
|
150
|
|
Net income
|
1479
|