Financial Ratios. Consider the Ganges Tours, Inc. financial statements below. Calculate the following ratios: a. Current...

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Financial Ratios. Consider the Ganges Tours, Inc. financial statements below. Calculate the following ratios: a. Current ratio. b. Quick ratio. c. Cash ratio. d. Total Debt ratio Current assets Cash Accounts Receivable Inventory Total Fixed assets Net F/A Total Assets Ganges Tours, Inc. 2020 Income Statement Sales Cost of Goods Sold Other expenses EBIT Assets Interest Expense Taxable Income Taxes (21%) Net Income Dividends Addition to RE Ganges Tours, Inc. 12/31/2020 Balance Sheet $500,000 350,000 25,000 $125,000 15,000 $110,000 16,170 $93,830 $40,000 $53,830 $12,500 25,000 50,000 87,500 250,000 337,500 Liabilities and Owners' Equity Current Liabilities Accounts Payable Notes Payable Total Long-term Debt Owners' equity (OE) C/S + surplus Retained Earnings Total OE Total Liab and OE $30,000 15.000 45,000 100,000 100,000 92.500 192,500 337,500 Financial Ratios. Consider the Ganges Tours, Inc. financial statements below. Calculate the following ratios: a. Current ratio. b. Quick ratio. c. Cash ratio. d. Total Debt ratio Current assets Cash Accounts Receivable Inventory Total Fixed assets Net F/A Total Assets Ganges Tours, Inc. 2020 Income Statement Sales Cost of Goods Sold Other expenses EBIT Assets Interest Expense Taxable Income Taxes (21%) Net Income Dividends Addition to RE Ganges Tours, Inc. 12/31/2020 Balance Sheet $500,000 350,000 25,000 $125,000 15,000 $110,000 16,170 $93,830 $40,000 $53,830 $12,500 25,000 50,000 87,500 250,000 337,500 Liabilities and Owners' Equity Current Liabilities Accounts Payable Notes Payable Total Long-term Debt Owners' equity (OE) C/S + surplus Retained Earnings Total OE Total Liab and OE $30,000 15.000 45,000 100,000 100,000 92.500 192,500 337,500

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