4) Calculating Financial Ratios Aligator Clothing Company Balance Sheet December 31, 2014 and December 31, 2015 2014 2015 Assets Current Assets Cash Accounts Receivable Inventory Total Fixed Assets Net Plant & Equipment Total Assets $120,000,000 $224,000,000 $424,000,000 $768,000,000 $88,000,000 $192,000,000 $368,000,000 $648,000,000 $5,228,000,000 $5,996,000,000 $5,354,000,000 $6,002,000,000 Liabilities & Owners Equity Current Liabilities Accounts Payable Notes Payable Total Long Term Debt Owner's Equity Common Stock & Paid In Surplus Accumulated Retained Earnings Total Total Liabilities & Owner's Equity $124,000,000 $1,412,000,000 $1,536,000,000 $1,804,000,000 $144,000,000 $1,039,000,000 $1,183,000,000 $2,077,000,000 $300,000,000 $2,356,000,000 $2,656,000,000 $5,996,000,000 $300,000,000 $2,442,000,000 $2,742,000,000 $6,002,000,000 Aligator Clothing Company 2015 Income Statement Sales $3,756,000,000 Cost of Goods Sold $2,453,000,000 Depreciation $490,000,000 EBIT $813,000,000 Interest Paid $613,000,000 Taxable income $200,000,000 Taxes $68,000,000 Net Income $132,000,000 Dividends Retained Earnings $46,000,000 $86,000,000 Calculate the following ratios: Short-Term Solvency Ratios: Current Ratio, Quick Ratio, Cash Ratio Asset Utilization Ratios: Total Asset Turnover, Inventory Turnover, Receivables Turnover Long Term Solvency Ratios: Total Debt Ratio, Debt-Equity Ratio, Equity Multiplier, Times Interest Earned Ratio, Cash Coverage Ratio Profitability Ratios: Profit Margin, Return on Assets, Return on Equity