please show how answers were found

8.) Compute the following Financial Ratios based on the Financial Statements: Formula Calculation Ratio Current Ratio Times Interest Eamed Debt to Equity Ratio Equity Multiplier Return on Equity luventory Turnover in thousands Uuuuuge Baking Co. Balance Sheet F.Y.E. 12/31/18 & 17 Uuuuuge Baking Co. Income Statement Year Ending 12/31/2018 FYE FYE 2017 2018 Assets: Current Assets Cash Accounts Receivable Inventory Total Current Assets FYE 2018 $2,625 $2,000 $20 $250 $355 $215 $210 $3301 $7551 Sales Cost of Goods Sold Depreciation Genl. & Admin Exp EBIT $50 $250 $300 $600 Interest Expense Taxable income $60 $295 Fixed Assets Plant and Equipment Less: Accumulated De Net Plant and Equip Total Assets Income Tax Exp. $60 $625 -$220 $405 $1,160 $500 $200 $300 $900 Net Income $2351 Less Dividends Paid Additions to R.E. $35 $200 Liabilities Current liat ies Accounts Payable Total Current Liabili $4501 $450 $400 $400 Long Term Debt Total Liabilities $65 $515 $80 $480 Owners Equity Common Stock Retained Earnings Total Owners Equit Total Liabilities $185 $460 $6451 $1.160 $160 $260 $420 $900