Calculate the following ratios for 2019 and 2020.

1.Debt to Equity

2.Total Debt Ratio

3. Times Interest Earned

4. Cash Coverage

5. Return on Equity Using the Du Pont Identity

West Indian Tobacco Company Limited Income Statements For the years ended December 31, 2019 & 2020 Sales Cost of Sales Gross Profit Distribution Costs Administrative Expenses Other Operating Expenses Interest Income Other Income (Expenses) Earnings before Interest & Taxes Interest Expense Taxable income Taxation Net Income 2019 ('000s) 935,365 (206.990) 728,375 (14,354) (83,072) (25,627) 2,961 8,537 616,820 (521) 616,29 (189,526) 426,773 2020 ('000s) 899,917 (211.020) 688,897 (10,905) (75,537) (15,241) 1,210 9,552 597,976 (348 597,628 (178,055) 419,573 292,415 127,158 Dividends Paid Add to Retained Eamings West Indian Tobacco Company Limited Statement of Financial Position As at December 31, 2018 & 2019 2019 (000s) 2020 (000s) 2019 ('000s) 2020 ('000s) ASSETS Current Assets Inventories Accounts Receivables Other Current Assets Cash & Equivalents LIABILITIES & EQUITY Current Liabilities Accounts Payables Other Current Liabilities 36,627 79,893 5,071 300,018 421,609 46,916 50,818 4,917 447,921 550,572 99,348 48,739 148,087 117,406 49,395 166,801 Non-current Liabilites 84.047 64,560 Non Current Assets, Net 261,779 258,251 232,134 231,361 Total Liabilities Equity Share Capital & Other Reserves Retained Eamings Total Equity TOTAL LIAB. & EQUITY 102.956 348,298 451,254 102,006 475,456 577,462 TOTAL ASSETS 683,388 808,823 683,388 808,823 ADDITIONAL NOTES to FINANCIAL STATEMENTS: Depreciation Expense for 2019 = $11,385 ('000) Depreciation Expense for 2020 = $11,751 ('000) Change in Equity = Change in Share Capital & Other Reserves West Indian Tobacco Company Limited Income Statements For the years ended December 31, 2019 & 2020 Sales Cost of Sales Gross Profit Distribution Costs Administrative Expenses Other Operating Expenses Interest Income Other Income (Expenses) Earnings before Interest & Taxes Interest Expense Taxable income Taxation Net Income 2019 ('000s) 935,365 (206.990) 728,375 (14,354) (83,072) (25,627) 2,961 8,537 616,820 (521) 616,29 (189,526) 426,773 2020 ('000s) 899,917 (211.020) 688,897 (10,905) (75,537) (15,241) 1,210 9,552 597,976 (348 597,628 (178,055) 419,573 292,415 127,158 Dividends Paid Add to Retained Eamings West Indian Tobacco Company Limited Statement of Financial Position As at December 31, 2018 & 2019 2019 (000s) 2020 (000s) 2019 ('000s) 2020 ('000s) ASSETS Current Assets Inventories Accounts Receivables Other Current Assets Cash & Equivalents LIABILITIES & EQUITY Current Liabilities Accounts Payables Other Current Liabilities 36,627 79,893 5,071 300,018 421,609 46,916 50,818 4,917 447,921 550,572 99,348 48,739 148,087 117,406 49,395 166,801 Non-current Liabilites 84.047 64,560 Non Current Assets, Net 261,779 258,251 232,134 231,361 Total Liabilities Equity Share Capital & Other Reserves Retained Eamings Total Equity TOTAL LIAB. & EQUITY 102.956 348,298 451,254 102,006 475,456 577,462 TOTAL ASSETS 683,388 808,823 683,388 808,823 ADDITIONAL NOTES to FINANCIAL STATEMENTS: Depreciation Expense for 2019 = $11,385 ('000) Depreciation Expense for 2020 = $11,751 ('000) Change in Equity = Change in Share Capital & Other Reserves