Using Soni's 2016 Financial Statements out the following ratios. Remember not all financial statements use the same terminology therefore the names of Sonic's financial statement items may not be exactly the same. You may need to make some additional assumptions in order to complete some RATIO DEFINITIONS SONIC 2015 SONIC 2016 Current Assets (CAN+Current Liabilities (CL) (Current Assets-Inventory) Accounts Receivable (AR) Inventory Turnover Cost of Goods sold (COGS) Average Collection 365 Receivables Turnover Period (ACP) or (RT) outstanding Days Sales in 365 Inventory Turnover (IT) Fixed Asset Sales Net Fixed Assets Turnover (FAT) Total Asset Sales Total Assets (TA) urnover (TAT) Debt ratio (D) Total Liabilities (TLI TA Debt to Equity (DVE) TL Stockholder Equity (SE) Equity Multiplier TA SE (EM) Timesinterest Earnings Before Interest & Earned (TIE) Taxes (EBIT) Interest Gross profit margin (Sales operating profit EBITissies margin Net profit margin Net Income (N0 Sales