Income Statement 2017 Sales $ 7,000,000 Cost of Goods Sold 5,000,000 Gross Profit $ 2,000,000 Selling and Administrative Expenses 1,700,000 EBIT 300,000 Interest Expense 50,000 Income before Tax 250,000 Taxes 100,000 Net Income s 150,000 Burnaby Mountain Trading Company Burnaby Mountain Trading Company Comparative Balance Sheets 2017 2016 Cash S 90,000 $ 80,000 Accounts Receivable 810,000 800,000 Inventory 800,000 720,000 Total Current Assets $ 1,700,000 $ 1,600,000 Fixed Assets 2,600,000 2,400,000 Total Assets $ 4,300,000 $ 4,000,000 Accounts Payable 500,000 $ 400,000 Bank Loans 100,000 100,000 $ Total Current Liabilities 600,000 $ 500,000 Long-term Bonds 400,000 300,000 Total Liabilities $ 1,000,000 $ 800,000 Common Stock (200,000 shares) 500,000 500,000 Retainded Earnings 2,800,000 2,700,000 Total Equity $ 3,300,000 $3,200,000 Total Liabilities and Equity $ 4,300,000 $ 4,000,000 Note: The common shares are trading in the stock market for $27 each. Calculate the following ratios for the company: (Please keep in mind that when a ratio involves both income statement and balance sheet numbers, the balance sheet numbers for the beginning and end of the year must be averaged.) (v) Interest coverage ratio (times-interest-ratio) (vi) Compound leverage ratio (vi) Inventory turnover ratio (viii) The company's average collection period (ACP) (ix) Current ratio for 2017 Quick ratio for 2017 (xi) P/E ratio