Johny Ji, to prepare financial ratios nd complete year. You have been just hired Nabors, Inc. has just prepared its financial statements for their 2018 fiscal as a financial planner and has been asked by your finance manager so that he can present the financial position of Nabors to the Nabors Board of manager asked you to prepare it by end of the week, you decided to stay longer at work a Question 7 (16 marks) Directors. Because the report. Required Based on the financial information provided below, calculate the following financial ratios: a) Current ratio b) Debt/equity ratio c) Total debt ratio d) Cash coverage ratio e) Total Asset turnover ) Receivables turnover 8) Days' sales in receivables h) Profit margin Nabors, Inc 2018 statement of comprehensive income (S in millions) $9,610 6,310 1,370 1,930 630 $1,300 455 $845 Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Nabors, Inc. 2017 and 2018 Statement of financial positions (S in millions) 2017 S310 2,640 3,275 $6,225 2018 2017 $2,720 100 $2,820 7,875 2018 $2,570 0 $2,570 8,100 5,250 2,060 Cash Accounts rec. Inventory Total $405 Accounts payable 3,055 Notes payable 3,850 Total $7,310 Long-term debt Net fixed assets 10,960 10,670 Common stock 5,000 Total assets allieb.earnings 1.490 1,490 .185 17.980 Total liab.& equity$17.185 $17.980 8 IPag e