(I-M)

3 (Chapter 3). 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 e. Debt-Equity ratio. f. Inventory turnover. (Assume "Costs" are costs of good sold.) g. Days' sales in inventory h. Receivables turnover i. Days' sales in receivables. Total Asset turnover Profit margin. 1. Retun on assets m. Retum on equity n. Earnings per share. (Assume 100,000 shares outstanding.) o. Price-earnings ratio. (Assume market price = $20.) p. Market-to-book ratio. q. Dividend payout ratio Ganges Tours, Inc. 12/31/2017 Balance Sheet Assets Current assets Current Liabilities $50,600 Accounts Payable $136,000 Receivable730LongtE$280.000 81,400 3000 Long-tem Debt 826,000 Notes Payable Total 4,000 Inventory Total Fixed assets Owners'equity (OE) Net F/A C/S + surplus Retained 365,800 $645 800 1131800 Total Liab and OE 1131800 Total OE Total Assets Ganges Tours, Inc. 2017 Income Statement Sales Costs Other expenses EBIT Interest Expense 28000 Taxable Income 346,000 Taxes Net Income Dividends Addition to RE $157,430 $1,858,000 1,446,000 38,000 $374000 $224900 67,470