- 40 pts Problem 8 The financial statements of Kupps Company appear below: KUPPS COMPANY Comparative Balance Sheet December 31, 2017 $ 25,000 20,000 40,000 150,000 170,000 $405,00 Assets Cash 2016 $ 40,000 60,000 30,000 170,000 200,000 Marketable securities Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable $ 25,000 40,000 75,000 175,000 90,000 $405.000 $ 30,000 90,000 160,000 145,000 75,000 $500.000 Common stock Retained earnings Total liabilities and stockholders' equity . KUPPS COMPANY Income Statement For the Year Ended December 31, 2017 $360,000 184,000 176,000 Net sales Cost of goods sold Gross profit Expenses Interest expense Selling expenses Administrative expenses Total expenses $21,000 30,000 20,000 71,000 105,000 30,000 $ 75,000 Income before income taxes Income tax expense Net income Additional information: Cash dividends of $50,000 were declared and paid in 2017. b. Weighted-average number of shares of common stock outstanding during 2017 was 62,000 shares. a. Market value of common stock on December 31, 2017, was $15 per share. C. Net cash provided by operating activities for 2017 was $65,000. d. Instructions Using the financial statements and additional information, compute the following ratios for the Kupps Company for 2017. Show all computations. Current ratio 1. 2. Return on common stockholders' equity Price-earnings ratio 3. Inventory turnover ratio 4. Receivables turnover 5. 6. Times interest earned 7. Profit margin ratio 8. Asset turnover ratio Dividend yield 9. 10. Return on assets