Calculate all of the ratios discussed in the chapter for Axtel Company in Problem 5. Assume Axtel had leasing costs of $7, 267 in 20X1 and had 1, 268,000 shares of stock outstanding valued at $28.75 per share at year end. RATIO ANALYSIS Seventeen ratios are presented, explained, and numerically illustrated on pages 90-100 and summarized in Table 3-2 on page 101. Problem 13 just asks you to calculate the ratios for a set of financial statements. The remaining problems ask you to explore the ratios' meanings and the relationship between them. For most problems you'll write a ratio definition, substitute known quantities, and solve algebraically for an unknown. Some of the problems contain hints to help you get started