Excel LTD. Balance Sheet December 31, 2022
Assets		Liabilities and Shareholders Equity
Current assets:		Current liabilities:
Cash	20,000.00	Accounts payable	100,000
Marketable securities	85,000.00	Bank loans	125,000
Accounts receivable (net)	100,000.00	Accrued expenses	5,000
Inventory	375,000.00
		Total current liabilities	230,000
Total current assets	580,000.00	Long-term liabilities:
Net plant and equipment	600,000.00	Bonds payable*	500,000
		Total liabilities	730,000
		Shareholders equity:
		Common stock	350,000
		Retained earnings	100,000
		Total shareholders equity	450,000
Total assets	1,180,000.00	Total liabilities and shareholders equity	1,180,000
*Sinking fund provision of $50,000 a year.

Excel LTD. Income Statement Year ending December 31, 20XX
Sales (on credit)	3,900,000.00
Less: cost of goods sold	3,465,000.00
Gross profit	435,000.00
Selling and administrative expenses	250,000.00
Operating profit (EBIT)	185,000.00
Interest expense	94,000.00
Earnings before taxes (EBT)	91,000.00
Taxes (20%)	18,200.00
Earnings after taxes (EAT)	72,800.00

What are ratios you will calculate if you are a Shareholder of the company?

Calculate the relevant ratios and comment if the shareholders will be satisfied