For problems B3-B6, refer to the consolidated income statement and consolidated balance sheet of Tentade Acres Company and Subsidiaries that follow. SHOW ALL WORK. Tentacle Acres Company and Subsidiaries Income Statement for 2018 (000 dollars) Sales Cost of Goods Sold Gross Profit Selling and Administrative Expenses Depreciation and R&D Expense (both tax deductible) EBIT or Operating Income Interest Expense Interest Income Earnings Before Taxes (EBT) Income Taxes Net Income (NI) Earnings per Share $ 94,001 46,623 47,378 28,685 5,752 12,941 48 427 13,320 4,700 8,620 1.72 Tentacle Acres Company and Subsidiaries Balance Sheet as of End of 2018 (000 dollars) Assets: Cash Marketable Securities Accounts Receivable (gross) Less: Allowance for Bad Debts Accounts Receivable (net) Inventory Prepaid Expenses Plant and Equipment (gross) Less: Accumulated Depreciation Plant and Equipment (net) Land Long-Term Investments Total Assets $ 5,534 952 14,956 211 14,745 10,733 3,234 57,340 29,080 28,260 1,010 2,503 66,971 L. 3,253 Liabilities: Accounts Payable Notes Payable Accrued Expenses Bonds Payable Stockholders' Equity: Common Stock Retained Earnings Total Liabilities and Equity 6,82 2,389 8,549 45,959 66,971 Profitability Ratios B3. Calculate the following profitability ratios for 2018. a. Gross profit margin b. Operating profit margin c. Net profit margin d. Retum on assets e. Return on equity f. Comment on net profit margin and return on assets ratios if the industry average for these two ratios are 5 percent and 14 percent, respectively. Liquidity Ratios B4. Calculate the following liquidity ratios for the end of 2018. Current ratio b. Quick ratio Comment on the company's ability to pay off short-term debts Debt Management Ratios BS. Calculate the following debt ratios for the end of 2018. a Debt to total assets Market Value Ratios (PE) B. Assume the company's stock trading at $20 per share. What is the PE Ratio