Need help with the following attachment and please show work

Need help with the following attachment and please show work.

P3-1. Calculating Ratios Below are the financial statements for Mowing and Maintenance, Inc. Mowing & Maintenance, Inc. Balance Sheet as of December 31, 2017 and 2016 (in millions of dollars Assets 01 2016 Liabilities & Equity 2017 2016 Current assets: Current iabilities Cash and marketable Accrued wages and s 75 65 taxes 115 110 Accounts payable 200 190 Notes payable Accounts receivable Tatal Current Assets $ 390 $ 365 Ttal Crrent Liablities 210 $193 Fued assels Lang-term debl $300 $280 Gross plant and 580 471 100 Preferred stockismilashar?? Common stock and 5$. 5 Less: Depreciation Net plant and -110 470 $ 371 paid-in surplus Other long-term assets 65 million shares) Total Fixed Assets 520 420 Retained 330 242 400 312 Tatal Fixed Assets Total Equity Total assets 910 785 Total fabilities and equity910 785 Mowing & Maintenance, Inc. Income Statement for Years Ending December 31, 2017 and 2016 in millions of dollars 01 Net sales (all credit) Less: Cast af poods sold Gross profits Less: Depredation $285 Other operating expenses Earnings before interest and taxes (EBIT $233 Less: Interest Earnings before taxes (EBT) 13 Net income Less: Preferred stock dividends Net income available to common stockholders Less: Cammon stock dividends Addition to retained earnings $ 138 S 122 Per [comman) share data: Earnings per share (EPS) Dividends per share (DPS) Bock value per share (BVPS) Market value (price) per share (MVPS) $1.000 $6.077 $14.750

Solution

1. Current ratio = Current assets / Current liabiltiues

For 2016, , Current ratio = 365/193 = 1.89

For 2017, Current ratio = 290/210 = 1.85

2. Quick Ratio = (Current assets - inventory)/ current liabilities

For 2016, Quick ratio = (365 -190)/193 = 0.90

For 2017, Quick ratio = (390-200)/210 = 0.90

3. Inventory Turnover = Cost of goods sold/ Inventory

For 2016, Inventory turnover = 175/190 = 0.92

For 2017, Inventory turnover = 230/200 = 1.15

4.Days Sales Outstanding (DSO) = Accounts receivable/ Total credit sales * Number of days

For 2016, DSO = 110/432*365 = 92.94 days

For 2017, DSO = 115/515*365 = 81.50 days

Note: We have answered 4 parts (4 ratios) in the above questions. Kindly note that only 4 sub-parts can be answered in the given time . Kindly post others seperately for experts to answer , 4 at a time.