The balance sheet and income statement shown below are for XYZ Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities $3,000 Accounts receivable Inventories 15,000 18,000 $36,000 $24.000 S60,000 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals $18,630 Notes payable Total current liabilities 8,370 6,000 $33,000 Long-term bonds Total liabilities $9,000 $42,000 Common stock $5,040 Retained carnings Total common equity 12,960 S18,000 $60,000 Total liabilities and equity Income Statement (Millions of S) 2018 $84,000 Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest 78,120 1,680 $4,200 900 $3,300 1,320 $1.980 Earnings before taxes (EBT) es Net income Other data: Shares outstanding (millions) Common dividends (millions of $) Interest rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 500.00 $693.00 6% 40% S47.52 Homework I Show the calculation using formula for finding following ratios: Do not round your intermediate calculations. 1. What is the firm's current ratio? 2. What is the firm's quick ratio? 3. What is the firm's total assets turnover? 4. What is the firm's inventory turnover ratio? 5. What is the firm's TIE? 6. What is the firm's total debt to total capital ratio? 7. What is the firm's ROA? 8. What is the firm's ROE? 9. What is the firm's BEP? 10. What is the firm's profit margin? 11. What is the firm's return on invested capital? 12. What is the firm's operating margin? Do not round your intermediate calculations. 13. What is the firm's dividends per share? 14. What is the firm's EPS?