35. Use the following information from the current year financial statements of a company to calculate the ratios below: (a) Current ratio. (b) Accounts receivable turnover. (Assume the prior year's accounts receivable balance was $100,000.) (c) Days' sales uncollected. (d) Inventory turnover. (Assume the prior year's inventory was $50,200.) (e) Times interest earned ratio. (f) Return on common stockholders' equity. (Assume the prior year's common stock balance was $480,000 and the retained earnings balance was $128,000.) (g) Earnings per share (assuming the corporation only has common stock outstanding). (h) Price earnings ratio. (Assume the company's stock is selling for $26 per share.) (i) Divided yield ratio. (Assume that the company paid $1.25 per share in cash dividends.) Income statement data: Sales (all on credit) Cost of goods sold Gross profit on sales Operating expenses Operating income Interest expense Income before taxes Income taxes Net income Balance sheet data: Cash Accounts receivable Inventory Prepaid Expenses Total current assets Total plant assets Total assets Accounts payable Interest payable Long-term liabilities Total liabilities Common stock, $10 par Retained earnings Total liabilities and equity $1,075,000 575,000 $ 500,000 305,000 $ 195,000 20,400 $ 174,600 74,000 $ 100,600 $ 38,400 120,000 56,700 24,000 $ 239,100 708,900 $ 948,000 $ 91,200 4,800 204,000 $ 300,000 480,000 168,000 $ 948,000