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