Q3 B. (20 Marks) Here are the simplified financial statements of David X Corp from a recent year. INCOME STATEMENT (Figs in $ Mill) Net Sales Cost of Goods Sold Other Expenses Depreciation Eamning Before Interest & Taxes Interest Expenses Income Before Tax Taxes Net Income Dividend 13,194 4,060 4,049 2,518 2,566 685 1,882 570 1,311 856 Balance Sheet (Figs in $ Mil.) End of the Start of the year year Cash & marketable Securities 89 158 Receivables 2,382 2,490 Inventories 187 238 Other Current Assets 867 932 Total Current Assets 3,524 3,818 Net Pronerty & Plants Fonment 19.973 19.915 End of the Start of the year year 89 158 2,382 2,490 187 238 867 932 3,524 3,818 19,973 19,915 4,216 3,770 27,714 27,503 Cash & marketable Securities Receivables Inventories Other Current Assets Total Current Assets Net Property & Plants Equipment Other Long Term Assets Total Assets Liabilities & Shareholders Equity Payables Short Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt & Leases Other Long Term Liabilities Share Holders Equity Total Liabilities & Equity Calculate the following financial ratios: 1. Long Term Debt ratio 2. Total Debt Ratio 3. Current Ratio 2,564 1,419 811 4,795 7,018 6,178 9.724 27,714 3,040 1,573 787 5,400 6,833 6,149 9,120 27,503