Question: Please show me the work! Thank you!! Calculation Tasks. Show necessary workings. 1. Use the financial statements below to calculate five financial ratios. Galaxy United,

 Please show me the work! Thank you!! Calculation Tasks. Show necessary

workings. 1. Use the financial statements below to calculate five financial ratios.

Please show me the work! Thank you!!

Calculation Tasks. Show necessary workings. 1. Use the financial statements below to calculate five financial ratios. Galaxy United, Inc. 2012 Income Statement Net sales $614,100 Less: Cost of goods sold 521,400 Less: Depreciation 11,200 Earnings before interest and taxes 81,500 Less: Interest paid 10.100 Taxable income $71,400 Less: Taxes 28.900 Net income $42,500 Galaxy United, Inc. 2011 and 2012 Balance Sheets 2011 2012 2011 2012 Cash $17,000 $16,500 Accounts payable $128,600 $134,700 Accounts rec. 54,100 56,700 Long-term debt 147,500 135,500 Inventory 189,400 186,700 Common stock* 125,000 140,000 Sub-total $260,500 $259,900 Retained earnings 120,700 131,800 Net fixed assets 261,300 282,100 Total $521,800 $542,000 Total S521,800 $5-42,000 * The par value of the common stock is $1 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 is the return on equity? (Use 2012 values)

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