Question B6 Statements of Financial Position and Income Statement of Sonata Company are shown below: Sonata Company Sonata Company Statements of Financial Position Income Statement For the year ended 30 June 2019 ($ in million) 30 June ($ in million) 2019 2018 Cash 2,240 200 150 Net sales (896) Short-term investments Cost of goods sold Gross profit Operating expenses Operating profit Interest expense 300 250 Prepaid expenses 168 160 1,344 (744) Accounts receivable 760 560 Inventory Machinery (net) 688 592 600 952 1,048 (20) 3,060 Profit before taxes 2,768 580 Income taxes (15%) Net profit (87) Accounts payable Income tax payable Notes payable (due in 9 months) Long-term liabilities Ordinary shares, $2 par Retained earnings 360 340 493 87 60 124 100 686 568 600 600 1,203 1,100 2,768 3,060 Additional information: (1) The market price of the ordinary shares as at 30 June 2019 is $30 per share. (2) The Company declared and paid total cash dividend of $390 million during the year ended 30 June 2019. (3) Credit sales totalled 72% of net sales. Required: (a) Calculate the following ratios of the company for the year ended 30 June 2019. Show your workings. (Round ALL answers to 2 decimal places.) Debt ratio (in %) (1.5 marks) (i) Times interest earned (in times) (ii) (1.5 marks) (iii) Quick ratio (1.5 marks) (1.5 marks) (iv) Earnings per share (in $) Question B6 (continued) Price earnings ratio (1.5 marks) (v) Dividend yield (in %) (1.5 marks) (vi) (vii) Inventory turnover (1.5 marks) (viii) Accounts receivable turnover (1.5 marks) (b) Financial statements may be presented in various formats to facilitate analysis. State AND briefly explain the THREE types of Financial Statements that are designed for analysis