2018 2019 Assets Current assets Cash $ Accounts Receivable Inventory Total SAN RAFAEL CORPORATION Balance Sheets as of December 31, 2018 and 2019 (5 in millions) 2018 2019 Liabilities and Owners' Equity Current habilities $ 120 5 88 Accounts payable $ 224 5 192 Notes payable $ 424 5 368 Total $ 768 $ 648 Long-term debet Owner's equity Common stock and paid in surplus Retained earnings $ 5.228 $5.354 Total $ 5,996 $ 6.002 Total abilities and owners' equity $ 1.412 $ 1.575 144 5 1039 5 1183 $ 1.804 52077 Fixed assets Net plant and equipment Total assets $ 300 $ 300 $ 2.356 $ 2.442 $ 2.556 $ 2.TZ $5.996 $ 8.002 SAN RAFAEL CORPORATION 2019 Income Statement (S in millions) Sales $ 3,756 Cost of goods sold $ 2,453 Depreciation $ 490 5 813 Interest paid $ 613 Taxable income 5 200 Taxes (34) 68 Net income 132 Dividends 45 Additions to retained earrings 86 5 S $ Calculate the following ratios for 2019, and comment on your results a) Current ratio b) Quick ratio c) Cash ratio d) Inventory turnover 6) Receivables turnover Days' sales in inventory g) Days' sales in receivables ) Total debt ratio Times interest earned ratio Cash coverage ratio