XYZ corporation 2016 income statement (S in millions) Sales $4,053 Cost of good sold 2,780 Depreciation 550 Earnings before 723 interest and tazes Interest paid 502 Taxable income $221 Taxes (34%) 75 Net income S146 Dividends S47 Addition to 99 retained earnings 1- Based on the balance sheet and income statement calculate the following ratios for 2016 and tell what does each one of them mean? (4 Marks) a) Quick ratio b) Average collection period c) Inventory turnover d) Total assets turnover e) Debt to equity ratio 1) Time interest eamed ratio g) Not profit margin h) Return on investment XYZ corporation 2016 income statement (S in millions) Sales $4,053 Cost of good sold 2,780 Depreciation 550 Earnings before 723 interest and tazes Interest paid 502 Taxable income $221 Taxes (34%) 75 Net income S146 Dividends S47 Addition to 99 retained earnings 1- Based on the balance sheet and income statement calculate the following ratios for 2016 and tell what does each one of them mean? (4 Marks) a) Quick ratio b) Average collection period c) Inventory turnover d) Total assets turnover e) Debt to equity ratio 1) Time interest eamed ratio g) Not profit margin h) Return on investment