Using attached Income Statement and Balance Sheet calculate the following financial ratios for 2019 and 2020

Current Ratio

Leverage Ratio (financial leverage)

Gross Profit (Gross Margin)

Return on Equity

Return on Assets

Return on Sales

Asset Turnover

Inventory Turnover

Please show the work

INCOME STATEMENT

BALANCE SHEET

2017 2018 2019 2020 Values in Millions (Except for per share items) Period End Date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 Stmt Source Annual Annual Annual Annual Stmt Source Date 12/31/2019 12/31/2019 12/31/2019 12/31/2020 Stmt Update Type Currency Code Total Revenue 9,991.0 9,662.0 9,066.0 7,022.0 Cost of Revenue 5.920.0 5,793.0 5,416.0 4,396.0 Gross Profit 4,071.0 3,869.0 3,650.0 2,626.0 Selling. General and Administrative 2.702.0 2.529.0 2,103.0 1.706.0 Research and Development 424.0 397.0 373.0 311.0 Special Income/Charges -247.0 -269.0 -221.0 -255.0 Operating Expenses 9,346.0 9,036.0 8,158.0 6,724.0 Operating Income 645.0 626.0 908.0 298.0 Net Interest Income -20.0 -8.0 -11.0 7.0 Other Income/Expense.Net -20.0 -8.0 - 11.0 7.0 Pre-Tax Income 525.0 549.0 822.0 252.0 Provision for Income Tax Net Income 181.0 347.0 1,339.0 178.0 Dividend Per Share 1.06 1.00 1.00 1.00 Tax Rate 12.9524 28.7796 26.0341 25.3968 Basic EPS 0.71 1.40 6.03 0.85 Diluted EPS 1.76 1.51 2.57 0.84 2017 2018 2019 2020 Values in Millions (Except for per share items) Period End Date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 Stmt Source 10-K 10-K 10-K 10-K Stmt Source Date 12/31/2019 12/31/2019 12/31/2019 12/31/2020 Stmt Update Type Currency Code USD USD USD USD Assets Cash, Equiv and Short Term Investments Receivables 2,829.0 2,607.0 2,532.0 2,093.0 Inventories 915.0 829.0 694.0 8430 Deferred Current Assets Deferred Taxes. Current Assets Other Current Assets Total Current Assets 5,230.0 4,713.0 6,140.0 5,783.0 Net Property.Plant and Equipment 1,083.0 940.0 1,109.0 1.013.0 Goodwill and Other Intangible Assets 4.407,0 4.232.0 4.221.0 4,426.0 Investments and Advances 3,755.0 2,216.0 2,156.0 2,056.0 Other Non-Current Assets Total Non-Current Assets 10,716.0 10,161.0 8,907.0 8,958.0 Total Assets 15,946.0 14,874.0 15,047.0 14,741.0 Liabilities and Shareholders' Equity Payables 1,279.0 1,252.0 1,205.0 1.117.0 Accrued Expenses, Current 593.0 482.0 544.0 482.0 Current Debt 2820 961.0 1,051.0 396.0 Deferred Liabilities. Current Other Current Liabilities Total Current Liabilities 2,741.0 3,251.0 3,435.0 2,478.0 LT Debt and Capital Lease Obligation Deferred Liabilities, Non current 42.0 51.0 37.0 35.0 Other Non-Current Liabilities 2,421.0 2,050.0 2,529.0 2.361.0 Total Non-Current Liabilities and MI 10,476.0 9,655.0 9,246.0 8,935.0 Total Liabilities 10,439.0 9,621.0 9,239.0 8,931.0 Capital Stock 255.0 232.0 215.0 198.0 Retained Earnings 4,856.0 5,072.0 6,312.0 6,281.0 Accum Gains/ Losses Not Affecting RE Total Equity 5,470.0 5,219.0 5,801.0 5,806.0 Total Liabilities and Equity 15,946.0 14,874.0 15,047.0 14,741.0 Ordinary Shares Outstanding 254.6 229.6 212.6 198.4