Selected year-end financial statements of Overton Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $17,400; total assets, $94,900; common stock, $35,500; and retained earnings, $18,800.)

OVERTON CORPORATION

Income Statement

For Year Ended December 31, 2017

Sales.....................................$315,500

Cost of goods sold......................236,100

Gross profit................................79,400

Operating expenses.......................49,200

Interest expense............................2,200

Income before taxes......................28,000

Income taxes................................4,200

Net income..............................$ 23,800

Required
Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. Round to one decimal place; for part 6, round to two decimals.

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OVERTON CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity . 6,100 Accounts payable $11,500 3,300 2,600 6,900 12,100 3,000 13,500 2,000 Accrued wages payable Income taxes payable Long-term note payable, secured Accounts receivable, net Notes receivable (trade* by mortgage on plant assets. Common stock, $5 par value Prepaid expenses Plant assets, net Total assets 30,000 35,000 35,100 $117 500 73,900 Retained earnings S117,500 Total liabilities and equity