Question 1 (Total 15 marks) Financial statement for White Eagle Limited at 2017 fiscal year end as following: White Eagle Limited Balance Sheet as of December 31, 2017 (US dollar in millions) Cash Receivables 1,682 Inventories $ 1,902 298 $ 1,407 Accounts payable Other current liabilities t Nu 1,673 ese N Total CA4,762 Net fixed assets 27,595 Total assets 32,357 Total CL Long-term debt Common equity Total liabilities and equity 2,200 12,715 17,442 32 lish urse/ ,357 ubjec White Eagle Limited Income Statement for Year Ended December 31, 2016 (US dollar in millions) Sales Cost of goods sold Gross profit Other operation expenses ction $ 9,300 (6.904) $ 2,396 (671) $ 1725 (354) $1371 (587) $784 EBIT Interest expense EBT Tax expense Net Income a. Calculate the current ratio, quick ratio and inventory turnover for the company. If a