8-22.

Evaluating Risk and Return Bartman Industriess and Reynolds Inc.s stock prices and dividends, along with the Winslow 5000 Index, are shown here for the period 20122017. The Winslow 5000 data are adjusted to include dividends.

	Bartman Industries		Reynolds Inc.		Winslow 5000
Year	Stock Price	Dividend	Stock Price	Dividend	Includes Dividends
2017	$17.25	$1.15	$48.75	$3.00	$11,663.98
2016	14.75	1.06	52.30	2.90	8,785.70
2015	16.50	1.00	48.75	2.75	8,679.98
2014	10.75	0.95	57.25	2.50	6,434.03
2013	11.37	0.90	60.00	2.25	5,602.28
2012	7.62	0.85

1. Assume the risk-free rate during this time was 3%. Calculate the Sharpe ratios for Bartram, Reynolds, and the Index over this period using their average returns. in excel