Compute the ratios (Financial Statements and Reports and Financial Ratio Analysis or research online for the other ratio formulas). The Gillian Corporation has the following Balance Sheet and Income Statement. Compute the Profitability, Asset Utilization, Liquidity, and Debt Utilization Ratios.

1. Profitability Ratios

Profit margin Return on assets Return on equity

2. Asset Utilization Ratios

Receivables turnover Average collection period Inventory turnover Fixed asset turnover Total asset turnover

3. Liquidity Ratios

Current ratio Quick ratio

4. Debt Utilization Ratios

Debt to total assets Times interest earned (note: income before interest and taxes equals operating profit)