Use the spreadsheet file above to calculate and report the following information

• What is the current ratio of this firm?
• What is the quick ratio of this firm?
• What is the inventory turnover ratio of this firm?
• What is the receivables turnover of this firm?
• What is the total asset turnover of this firm?
• What is the times interest earned (TIE) of this firm?
• What is the total debt ratio of this firm?
• What is the return on equity (ROE) of this firm?
• What is the return on assets (ROA) of this firm?
• What is the market-to-book ratio of this firm?
• What is the price-to-earnings (P/E) ratio of this firm?

Handout for Assignment 4.2: Calculating Ratios INCOME STATEMENT - Fiction, INC. Sales Cost of goods sold Gross profit Operating expenses Selling & marketing Administrative Depreciation exp. Total operating expenses Operating income (operating profits) Interest expense Earnings before tax Income taxes Net income 2,000,000 1.400.000 600,000 100,000 80,000 50.000 230,000 370,000 50.000 320,000 80.000 240,000 Total number of shares outstanding = 100,000 Current market price = $41.40 Earnings per share (EPS) = $2.40 Dividends per share = $1.10 BALANCE SHEET - Fiction, INC. Assets Cash Accounts receivables Inventory Total Current assets 150,000 250,000 500,000 900,000 Gross plant & equip. Less accumulated depreciation Net property, Plant, & equip. Total assets 2,200,000 650,000 1.550,000 2,450,000 Debt & Equity Accounts Payable Accruals S.T. Notes Total current liabilities Long-term debt Total debt Common stockholder's equity Common stock -par value Paid-in capital Retained earnings Total common equity Total liabilities & equity 145,000 90,000 310.000 545,000 625,000 1,170,000 100,000 300,000 880,000 1.280.000 2,450,000