Modern Appliances Corporation has reported its financial results for the latest fiscal year.

Using the information from the financial statements, complete a comprehensive ratio analysis for Modern Appliances Corporation.

a. Calculate these liquidity ratios: current and quick ratios.

b. Calculate these efficiency ratios: inventory turnover, accounts receivable turnover, DSO.

c. Calculate these asset turnover ratios: total asset turnover, fixed asset turnover.

d. Calculate these leverage ratios: total debt ratio, debt-to-equity ratio, equity multiplier.

e. Calculate these coverage ratios: times interest earned, cash coverage.

f. Calculate these profitability ratios: gross profit margin, net profit margin, ROA, ROE.
g. Use the DuPont identity, after calculating the component ratios, to compute ROE.

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Modern Appliances Corporation Income Statement $5,398,412,000 Net sales Cost of goods sold 3,432,925,255 Gross profit Selling, general, and administrative expenses Operating income Depreciation Interest expense EBT Income taxes Net earnings Assets: Cash and cash equivalents Accounts receivable Inventory Other current assets Total current assets Net fixed assets Goodwill Other assets Total assets $1,965,486,745 1,036,311,231 299,928,155 $ 629,247,359 35,826,000 $ 593,421,359 163,104,554 $ 430,316,805 Modern Appliances Corporation Balance Sheet $ 514,412,159 1,046,612,233 981,870,990 313,621,610 Liabilities and Equity: Short-term borrowings Trade accounts payable Other current liabilities Total current liabilities Long-term debt $ 117,109,865 466,937,985 994,289,383 $1,578,337,233 1,200,691,565 397,407,352 1,218,207,588 $2,856,516,992 754,660,275 Common stock 118,407,710 Retained earnings 665,058,761 $4,394,643,738 Total liabilities and equity $4,394,643,738