3 (Chapter 3). Financial Ratios. Consider the Ganges Tours, Inc. financial statements below. Calculate the following ratios a. Current ratio b. Quick ratio c. Cash ratio d. Total Debt ratio e. Debt-Equity ratio f. Inventory tumover. (Assume "Costs" are costs of good sold.) g. Days' sales in inventory h. Receivables turnover i. Days' sales in receivables j. Total Asset turnover k. Profit margin 1. Return on assets m. Return on equity n. Eamings per share. (Assume 100,000 shares outstanding.) o. Price-earnings ratio. (Assume market price = $20.) p. Market-to-book ratio q. Dividend payout ratio Ganges Tours, Inoc. 12/31/2017 Balance Sheet Assets Current assets Current Liabilities Cash Accounts Receivable Inventory S50,600 81,400 Accounts Payable Notes Payable Total $136,000 34,000 Total Fixed assets Long-term Debt Owners' equity (OE) Net FIA 826,000 C/S +surplus Retained Earnings S280,000 365.800 Total OE Total Assets 1,131,800Total Liab and OE Ganges Tours, Inc. 2017 Income Statement Sales Costs Other expenses EBIT38.000 Interest Expense 28,000 Taxable Income$346,000 Taxes Net Income Dividends Addition to RE $157,430 $1,858,000 1,446,000 $374,000 121100 $224,900 S67,470