Question B6 Statements of Financial Position and Income Statement of Sonata Company are shown below: Sonata Company Statements of Financial Position Sonata Company Income Statement 30 June For the year ended 30 June 2019 (S in million) ($ in million) 2019 2018 Cash Short-term investments 200 2,240 (896) 150 Net sales 300 250 Cost of goods sold Gross profit Operating expenses Operating profit Interest expense Prepaid expenses 160 1,344 168 (744) 600 Accounts receivable 760 560 Inventory Machinery (net) 688 592 (20) 952 1,048 580 Profit before taxes 3,060 2,768 Income taxes (15%) (87) 493 Accounts payable Income tax payable Notes payable (due in 9 months) Net profit 360 340 87 60 124 100 Long-term liabilities Ordinary shares, $2 par Retained earnings 568 686 600 600 1,203 1,100 3,060 2,768 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. (a) Calculate the following ratios of the company for the year ended 30 June 2019. Show vour workings. (Round ALL answers to 2 decimal places.) Debt ratio (in %) (i) (1.5 marks) Times interest eamed (in times) (ii) (1.5 marks) (iii) Quick ratio (1.5 marks) (iv) Earnings per share (in $) (1.5 marks) Page 14 of 15 Question C4 (continued) (1.5 marks) Price carnings ratio (v) Dividend yield (in %) (1.5 marks) (vi) (1.5 marks) (vii) Inventory tumover Question C4 (continued) Price earnings ratio (v) (1.5 marks (vi) Dividend yield (in %) (1.5 marks (vii) Inventory turnover (1.5 marks (viii) Accounts receivable turnover (1.5 marks) Financial statements may be presented in various formats to facilitate analysis. State AND (b) briefly explain the THREE types of Financial Statements that are designed for analysis