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.

tel 13. Calculate all of the ratios discussed in the chapter for Axtel Company in Problem S. Assume Ax 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 su marized in Table 3-2 on page 101. Problem 13 just asks you to calculate the ratios for a set of fina statements. The remaining problems ask you to explore the ratios' meanings and the relationshi between them. For most problems you'll write a ratio definition, substitute known solve algebraically for an unknown. Some of the problems contain hints to help you get started. t of financial os meanings and the relationships quantities, and g problems ask you to explore the rati Debt Management Ratios TABLE 3-2 net income Financial Ratios ROS "- long term debt + current liabilities total assets sales gwoty Ratios debt ratio- net income current rotiocurre liablities ROA total assets debt to equity ratio long-term debt: equity EBIT current assets inventory current liabilitiens TIE interest quick ratio - net income equity ROE EBIT+ depreciation cash coverageinterests Asset Management atios accounts receivabie accounts receivabile average daily saes ACP- 360 Market Value Ratios xed charge coverage EBIT t lease paymern stock price interest + lease payments P/E ratio =-. EPS cost of goods sold inventory nventory turnover- EBITDA lease payments EBITDA coverage - stock price book value per share lease payments+ principal repayment sales fixed asset turnover = fixed assets market to book value ratio total assets Average balance sheet values may be appropriate