Galaxy United, Inc. 2009 Income Statement Net sales $627,800 Less: Cost of goods sold 521,400 Less: Depreciation 11.200 Earnings before interest and taxes 95,200 Less: Interest paid 10,100 Taxable income $85,100 Less: Taxes 28,900 Net income $56,200 Galaxy United, Inc. 2011 and 2012 Balance Sheets 2011 2012 Cash $17,000 $16,500 Accounts payable Accounts rec. 54.100 56,700 Long-term debe Inventory 189,400 186,700 Common stock Sub-total $260,500 $259,900 Retained earnings Net fixed assets 261,300 282.100 Total $521,800 $542.000 Total *The par value of the common stock is $1 per share. 2011 $128,600 147,500 125,000 120.700 2012 S134,700 135,500 140,000 131.800 $521,800 $542.000 Q.1 What is the current ratio for 2012? Q.2 What is the cash ratio for 2012? Q.3 What is the debt ratio for 2012? Q.4 What is the asset turnover ratio for 2012? Q.5 What is the days sales in invetory ratio for 2012? Q.6 What is the net return on asset ratio for 2012