compute the following:

14 PROBLEM VI (70 points) XYZ COMPANY, INC. Balance Sheet at December 31, 1998 Cash $ 100 , 000 Acc. Payable $ 500 , 000 Acc. Rec. 450, 000 600, 000 Notes Pay. (Bank) 300, 000 Inventory Mis. Accruals 100 , 000 Net Fixed Assets Current Portion-- 850. 000 Long Term Debt 50, 000 Long Term Debt 700, 0 Common Stock 50 , 000 Paid in Surplus 50, 000 Total Retained Earnings 250, 000 Pay $2, 000 , 000 Total $2, 000 , 000 XYZ COMPANY, INC. Income Statement for 12 months ended Dec. 31, 1998 NET SALES (all on Credit) $ 6, 000, 000 less Cost of Goods Sold 4, 200 , 000 Gross Profit $ 1, 800 , 000 Operating Expenses 1 , 000 , 000 Operating Profit (EBIT) 800 , 000 Other Expenses Interest on Debt $ 160, 000 Earnings Before Taxes S 640, 000 Taxes (508) 320, 000 Net Profit S 320, 000 Compute the following ratios using definitions provided in class. Show all formulas, computations and then your result. Assume that the 12/31/98 balance sheet represents a very typical (average) day for this company when computing ratios. In calculations requiring days, please use 365.D enter pg dn ? T shift end Current Ratio 15 1 . 2 . Quick Ratio 3. Accounts Receiveable Turnover (in days) 4 . Inventory Turnover (in days) 5. Accounts Payable Turnover (in days) 6. Debt to Worth 7. Long Term Debt to Capitalization 8. Times Interest Earned 9. Gross Profit Margin 10. Net Profit Margin 11. Return on Assets 12. Return on Equity 13. Dividend Payout Ratio (Assume $ 275,000 of Dividends were paid out)