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E. Ratio Analysis (Access the December 31, 2022 audited annual report (Form 10-K) of: Valero Energy Corporation) Calculate the following ratios: Show each formula and

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E. Ratio Analysis (Access the December 31, 2022 audited annual report (Form 10-K) of: Valero Energy Corporation) Calculate the following ratios: Show each formula and all numbers used to calculate the ratios. Also, explain the purpose of each ratio. Liquidty Ratios 1. Working capital 2. Current ratio 3. Inventory Tumover ratio 4. Days in inventory 5. Receivables tumover ratio 6. Average collection period Solvency Ratios 7. Debt to total assets ratio 8. Times interest eamed ratio 9. Free cash fiow Profitability Ratios 11. Eamings per share (can be found in financlal statements) 12. Pice-eamings ratio 13. Gross profit ratio 14. Profit margin ratio 15. Retum on assets ratio 16. Asset tumover ratio 17. Payout ratio (Dividend yleld)

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