1.3. FINANCIAL STATEMENTS (20 points) a) The balance sheet that follows summarizes the financial conditions for Flex, Inc., an electronic outsourcing contractor, for fiscal-year 2005. Flex has reported a profit for several years running. Compute the various financial rations and interpret the firm's financial health during fiscal-year 2005 Aug. 2005 Aug. 2004 U.S.$ (000) US. $ (000) (12 mos.) (Year) Balance Sheet Summary 325,637 225,228 362,769 1,123,901 674,193 -3,999 1,080,083 788,519 ,994,084 1,887,558 1186,885 859,83 533,311 411,792 834,696 2,410,568 1,113,186 840,834 922,653 385,519 Current assets Property and equipment, net Total assets Current liabilities Preferred mandatory Preferred stock Common stock Other stockholders' equity Total liabilities and equity Income Statement 271 2,792,820 1,181,209 4,834,696 2,410,568 Total revenues Cost of sales Other expenses Loss provision Interest expense Income pretax Income tax Income continuing 8,391,409 5,288,294 7,614,589 4,749,988 335,808 237,063 2,143 36,479 24,759 432,342 298,983 100,159 293,935 198,159 138,407 Net income EPS primary EPS diluted 198,159 $1.72 $1.65 293,935 $1.19 S1.13 i) Debt ratio ii)Times-interest-earn ratio ii) Current ratio iv) Quick (acid-test) ratio v) Inventory turnover ratio vi) Day's sales outstanding vii) Total assets turnover vii) Profit margin on sales ix) Return on total assets x) Return on common equity xi) ok value per share