The following information should be used and PLEASE PROVIDE formulas used: Nickel & Dime Company 2006 Income Statement ($ in thousands) Net sales $5,680 Less: Cost of goods sold 4,060 Less: Depreciation 420 Earnings before interest and taxes 1,200 Less: Interest paid 30 Taxable Income $1,170 Less: Taxes 410 Net income $ 760 Nickel & Dime Company 2005 and 2006 Balance Sheets ($ in thousands) 2005 2006 2005 2006 Cash $ 70 $ 180 Accounts payable $1,350 $1,170 Accounts rec. 980 840 Long-term debt 720 500 Inventory 1,560 1,990 Common stock 3,200 3,500 Total $2,610 $3,010 Retained earnings 940 1,200 Net fixed assets 3,600 3,360 Total assets $6,210 $6,370 Total liabilities & equity $6,210 $6,370 1. In 2006, how many days on average did it take Nickel & Dime Company to sell its inventory? 2. What is the debt-equity ratio for 2006? 3. What is the times-interest-earned ratio for 2006? 4. What is the equity multiplier for 2006? 5. What is the return on equity for 2006?