4700 Cash Sales 500 500 1. Calculate the following ratios using balance sheet and income statement given below: a. Current Ratio b. Receivables turnover and days' sales in receivables c. Total Asset turnover d. Profit Margin ratio e. Price/earnings ratio f. Book value per sha Balance Sheet ($ in Millions) 2016 Income Statement ($ in Assets Liabilities and Millions) 2016 Owners' Equity Current Assets Current Liabilities Accounts Payable Accounts Receivable Notes Payable 500 Cost of Goods Sold Inventory Total Current Liabilities Administrative Expenses Total Current Assets 1500 Long-Term Liabilities Depreciation Earnings Before Interest Long-Term Debt Total Long-Term Liabilities Interest Expense Property, Plant, and Owners' Equity Common Stock ($1 Par) Depreciation Net Fixed Assests Capital Surplus Retained Earnings Dividends Total Owners' Equity Addition to retained Earnings 533 Other Information Total Assets Total Liab. and Owners' Number of Shares Outstanding (Milions) 2500 600 800 400 1000 414 016 1000 and Taxes 180 Fixed Assets 1000 Taxable Income 806 2800 Equipment Less Accumulated Taxes 51 1100 500 Net Income 755 1700 600 222 100 1200 3200 3200 Equity 500 4.00 Price per Share