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VITALSTATISTIX, INC.2017 Balance Sheet ItemsAssets Liabilities and Owners’ EquityCash $200 Accounts Payable$200 Accounts Receivable 400 Notes Payable 100Inventory 650 Long-Term Debt 1,050Net Plant and Equipment 2,400 Common Stock500 Paid-in Surplus1,500 RetainedEarnings 300VITALSTATISTIX, INC.2017 Income StatementSales $2,700Cost of Goods Sold 800Depreciation 100Earnings Before Interest and Taxes $1,800Interest Paid 150Taxable Income $1,650Taxes 550Net Income $1,10013. Vitalstatistix, Inc. has 500 shares of common stockoutstanding, and the stock price at the end ofthe year was $17.50. Calculate its Market-to-BookRatio.(2 points)14. Calculate the following financial ratios forVitalstatistix, Inc.a) Current Ratio (2 points)b) Total Debt Ratio (3 points)Total Debt Ratio = (Total Assets – Total Equity) / TotalAssetsc) Return on Equity (2 points)