X X + II. Calculation Tasks. Show necessary workings. (45%) 1. Use the financial statements below to calculate five financial ratios. (10%) Galaxy United, Inc 2012 Income Statement Net sales $614,100 Less: Cost of goods sold $21,400 Less: Depreciation Earnings before interest and taxes 81,500 Less: Interest paid 10.102 Taxable income 571,400 Less: Taxes 28982 Net income 5.42.500 Galaxy United, Inc. 2011 and 2012 Balance Sheets 2011 2012 2011 2012 Cash $17,000 $16.500 Accounts payable $128.600 $134.70 Accounts rec. 54.100 56,200 Long-term debe 147.500 Inventory 189.400 186 700 Com en stock 125,00 140,000 Sub-total $260.500 $269.900 Retained earnings 120 JI.800 Net fixed assets 261,300 22.00 Total 5521.800 $$42.000 Total 5521.se 5542.000 *The par value of the common stock ist per share. a. How many days of sales are in receivables? (Use 2012 values) b. What is the price-sales ratio for 2012 if the market price is $18.49 per share? c. What is debt-equity ratio? (Use 2012 values) d. What is the cash coverage ratio for 2012? e. What the return on equity? (Use 2012 values) KT 4 (5 ( ta