1 points Hokie Corporation Comparative Balance Sheet For the Years Ending March 31, 2013 and 2014 (Millions of Dollars) Assets 2013 2014 Current assets: Cash $2 $10 Accounts receivable 16 10 Inventory 22 26 Total current assets $40 $46 Gross fixed assets $120 $124 Less accumulated depreciation 60 64 Net fixed assets 60 60 Total assets $100 $106 Liabilities and Owners' Equity Current liabilities: Accounts payable $16 $18 Notes payable 10 Total current liabilities $26 $28 Long-term debt 20 18 Owners' equity Common stock 40 40 Retained earnings 14 20 Total liabilities and owners $100 $106 equity Hokie had net income of $26 million for 2013 and paid total interest of of $20 million to their creditors. They reported sales of $85 million in 2013 and 5115 million in 2014. Hokie had net income of 536 million in 2014 and paid interest of $22 million to their creditors. Calculate the following financial ratios for the Hokie Corporation using the information given in Table 4 and information.Half mark for calculation and half mark for analysis of each ratio comparison over time) Current ratio Acid test ratio Debt ratio Times interest earned Total Asset Turnover Ficed Asset turnover Net profit Margin average collection period Accounts receivable turnover