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You are given original financial statements of an industrial company as follows. Balance Sheet (in Millions, except for Per-Share Data) Year Ended 31 December 2008

You are given original financial statements of an industrial company as follows.

Balance Sheet (in Millions, except for Per-Share Data)
Year Ended 31 December
2008 2007
Assets
Current assets
Cash and equivalents 372 315
Accounts receivable 770 711
Inventory 846 780
Total current assets 1,988 1,806
Gross fixed assets 4,275 3,752
Accumulated depreciation -1,176 -906
Net fixed assets 3,099 2,846
Total assets 5,087 4,652
Liabilities and shareholders' equity Current liabilities
Accounts payable 476 443
Accrued taxes and expenses 149 114
Short-term debt 465 450
Total current liabilities 1,090 1,007
Long-term debt 1,575 1,515
Common stock 525 525
Retained earnings 1,897 1,605
Total shareholders' equity 2,422 2,130
Total liabilities and shareholders' equity 5,087 4,652

Statement of Income Year Ended 31 December 2008
Sales 3,323
Cost of goods sold 1,287
SG&A expenses 858
EBITDA 1,178
Depreciation 270
Operating income (EBIT) 908
Net interest expense 195
Income before tax 713
Taxes 228
Net income 485
Statutorty tax rate 35%

Calculate the following financial ratios in 2008, based on the original financial statements. State your answers to the following in 2 decimal places:

Quick ratio is ____

Debt-to-equity ratio is ____

Operating profit margin is ____

Inventory turnover is ____

Times interest earned is ____

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