Income Statement 2017 Sales $9,300,000 Cost of Goods Sold Depreciation Expense Gross Profit Selling and Administrative Expenses EBIT Interest Expense Income before Tax Taxes Net Income Cash Accounts Receivable Inventory Total Current Assets Forest View Manufacturing Comparative Balance Sheets Fixed Assets Total Assets Accounts Payable Bank Loans Total Current Liabilities Long-term Bonds Total Liabilities Common Stock (200,000 shares) Retainded Earnings Total Equity Total Liabilities and Equity 5,750,000 550,000 $3,000,000 2.200.000 $800,000 200,000 $ 600,000 375,000 $225,000 2017 $ 2016 40,000 600,000 50,000 $ 570,000 530,000 460,000 $ 1,150,000 $1,100,000 2,050,000 1,400,000 $3,200,000 $2,500,000 $ 320,000 $300,000 480,000 400,000 $ 800,000 $700,000 1,500,000 1,000,000 $2,300,000 $1,700,000 200,000 700,000 200,000 600,000 $900,000 $ 800,000 $3,200,000 $2,500,000 Note: The common shares are trading in the stock market for $15 per share. The financial statements of Forest View Manufacturing are shown below. (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.) Round your answer to 2 decimal places. The firm's inventory turnover ratio is The firm's debt-to-equity ratio for 2017 is The firm's total asset turnover for 2017 is In 2017 Forest View generated The firm's return on equity ratio for 2017 is The firm's P/E ratio for 2017 is The firm's compound leverage ratio is (Round your answer to 2 decimal places) (Round your answer to 2 decimal places) (Round your answer to 2 decimal places) of EBIT for every dollar of sales. (Round your answer to 2 decimal places) (Use the percentage format, and round your answer to 2 decimal places. For example: if the answer is 1.55%, input 1.55) (Round your answer to 2 decimal places) (Round your answer to 2 decimal places)