5 of 8 < > The financial statements of Blue Spruce Company appear below: BLUE SPRUCE COMPANY Comparative Balance Sheet December 31 Assets 2022 2021 Cash Debt Investments $25,400 $32.700 20,400 57,000 Accounts receivable (net) 54,900 23,500 Inventory 139,000 167,000 Property, plant and equipment (net) 159,000 193,000 Total assets $398,700 $473,200 Liabilities and stockholders' equity Accounts payable $25,900 $29,600 Short-term notes payable 34,400 98,600 Bonds payable 64,000 142.100 Common stock 174,400 121,300 Retained earnings 100,000 81,600 Total liabilities and stockholders' equity $398.700 $473,200 BLUE SPRUCE COMPANY Income Statement For the Year Ended December 31, 2022 Net sales (all on credit) Cost of goods sold Gross pront Expenses $402.000 194,000 20.000 Interest expense $11,000 Selling expenses 32,000 Administrative expenses 19,000 Total expenses 62.600 income before income 145,400 taxes Income tax expense Net income 36.000 5109,400 -/20 !!! Expenses Interest expense $11,600 Selling expenses 32.000 Administrative expenses 19.000 Total expens 62.600 income before income 145,400 taxes income tax expense 36,000 Net income Additional information: $109,400 4 Cash dividends of $55.100 were declared and paid on common stock in 2022 Weighted average number of shares of common stock outstanding during 2022 was 55,100 shares. c Market price of common stock on December 31, 2022, was $12 per share Net cash provided by operating activities for 2022 was $79.100 Using the financial statements and additional information, compute the following ratios for the Blue Spruce Company for 2022. (Round all answers to 2 decimal places, eg. 1.83 or 12.61%) 1 Current ratio 2 Return on common stockholders' equity 1 % 3. Price-earnings ratio times 4 Inventory turnover times 5 Accounts receivable turnover. times a Times interest earned times 7 Profit margin % B Average days in inventory days 9. Payout ratio % 10. Returnon assets %