Problem 4-4 Financial Ratios The Balance Sheet and the Income Statement for ABC Manufacturing Corporation are as follows: DATA (All amounts in SAR unless otherwise indicated, all sales are on credit and no hard keys.) Balance Sheet: ABC Corporation Balance Sheet 2019 Cash 310 Accounts receivable 685 Inventories 600 Other current assets 105 Total current assets 1,700 Gross fixed assets 3,750 Accumulated depreciation -1,500 Net fixed assets 2,250 Total assets 3,950 LIABILITIES (DEBT) AND EQUITY Accounts payable 350 Short-term notes payable 250 Total current liabilities 600 Long-term debt 950 Total liabilities 1,550 Common stock (par & paid in capital) 1,050 Retained earnings 1,475 Total common equity 2,400 Total liabilities and equity 3,950 ABC Corporation Income Statement 2019 Sales 6,000 Cost of goods sold -3,700 Gross profits 2,300 Operating expenses: Selling and G&A expenses -820 Depreciation expenses -340 Total operating expenses -1,160 Operating income (earnings before interest and taxes) 1,140 Interest expense -200 Earnings before taxes 940 Income taxes -230 Net Income 710 Number of shares (thousands) 160 Dividends (thousands) 120 Market price per share 40 Calculate the following ratios: Current ratio Acid-test ratio Days in receivables Days in inventories Operating return on assets Operating profit margin Total asset turnover Fixed asset turnover Debt ratio Times interest earned Return on equity Earnings per share Dividends per share Price/Earnings Book value per share Market/Book