Given the following income statements and Balance sheet, find the following financial ratios

Income Statement

Sales revenue 30,000,000

Less cost of goods 21,000,000

Gross profit 9,000,000

Less operating expenses 6,000,000

Operating profit (EBIT) 3,000,000

Less interest expenses 1,000,000

Net profit before taxes 2,000,000

Less taxes (40%) 800,000

Net profit after tax 1,200,000

Less preferred stock dividends 100,000

Earnings available for common 1,100,000

Stock holders

Balance Sheet

Assets Liabilities

Cash 1,000,000 Account payable 8,000,000

Marketable securities 3,000,000 Notes payable 8,000,000

Account receivable 12,000,000 Accruals 500,000

Inventory 7,500,000 Total Current Liab 16,500,000

Total current assets 23,500,000 long term debt 20,000,000

Net fixed assets 26,,500,000 Total Liab. 36,500,000

Total assets 50,000,000 Total equity 13,500,000

Total Liab. And equity 50,000,000

Purchases are .80 of cost of goods

Number of shares are 2,500,000 shares

Stock price is $35 per share

Given the above information calculate the following rations. Write the formula for each ratio and plug the numbers in each formula and the unit that is used to measure the ratio, as time, $ of no unit.

• Current ratio =

• Quick( acid test) ratio =

• Inventory ratio =

• Average age of inventory =

• Average Collection period =

• Average payment period =

• Total assets turnover =

• Debt ratio =

• Time interest earned ratio

• Gross profit margin =

• Operating profit ratio =

• Net profit ratio =

• Earnings per share (EPS) =

• Return on Assets (ROA) =

• Return on Equity (ROE) =

• Price/Earnings (P/E) =

• Market/book (M/B) ratio =