Comparative data for ABC Company for the two-year period 2018-2019 are presented below. Income Statement Data 2018 2019 Net Sales $1,500,000 $1,200,000 Cost of Goods Sold 934.000 741,000 Gross Profit $ 566,000 $ 459,000 376,000 277,000 $ 190,000 $ 182,000 15,000 12.000 Operating Expense Operating Income Other Expense interest) Earnings Before Income Tax Income Taxes Net Income $ 175,000 $ 170,000 66,000 71,000 $ 109,000 $ 99,000 Balance Sheet Data 2018 2019 Assets Cash $ 30,000 $ 10,000 130,000 90.000 Receivables (net) Inventory 170,000 113,000 Balance Sheet Data 2018 2019 Assets $ 10,000 Cash 90,000 Receivables (net) $ 30,000 130,000 170,000 650,000 113,000 Inventory 547,000 Land, Buildings, and Equipment (net) Intangible Assets 20,000 20,000 $1,000,000 $780,000 Liabilities and Stockholders' Equity. 2018 2019 Accounts Payable $ 100,000 $ 40,000 Current Liabilities 11,000 Bonds Payable 240,000 50,000 300,000 100,000 51,000 Common Stock, $10 Par 100,000 Additional Paid In Capital 51,000 Retained Earnings 399.000 338.000 $1.000.000 $780.000 The restricted cash is $ 10,000 in 2018 and $ 10,000 in 2019 to make a long term-investment. The allowances for doubtful accounts are $ 10,000 in 2018 and $ 20,000 in 2019 The capitalized interest is $5,000 in 2018 and $ 5,000 in 2019. The operating lease in 2019 is $ 30,000, 1/3 is considered as interest. The principal payments are every year $ 20,000. Required: Compute for the 2019 the following ratios and interpret the financial situation of ABC Compan 1. The times interest earned ratio (0.75 Mark) 2. The fixed charge ratio (0.75 Mark) 3. The accounts receivable turnover (1 Mark) 4. The accounts receivable turnover in days (1 Mark) 5. The inventory turnover (1 Mark) 6. The inventory turnover in days (1 Mark) 7. The operating cycle (0.75 Mark) 8. The current ratio (1 Mark) 9. The Debt ratio (0.75 mark) 10. The debt to tangible net worth (1 Mark) 11. Interpret the overall financial situation of the company XYZ (1 Mark)