ALL INFORMATION AND ANSWERS ARE GIVEN JUST NEED TO MAKE SURE THESE ARE CORRECT FOR:

DEBT TO ASSETS RATIO, DEBT TO EQUITY RATIO, RETURN ON INVESTMENTS, AND RETURN ON EQUITY

The Information below comes from the financial statements of Rosson Company, Rosson Company Income Statement Years ended 2017 and 2018 2018 2017 $299,000 $246,000 8,000 9,000 307,000 255,000 172,000 138,000 Revenues: Net Sales Other Revenues Total Revenues Expenses Cost of Goods Sold S.G&A Expenses Interest Expense Income Tax Expense Total Expenses... Income Before Discontinued Operations Discontinued Operations Gain (net of taxi 44,000 40,000 4,000 4,500 31,000 25,400 251,000 207,900 56,000 47.100 9,000 0 Net Income $ 65,000 $ 47,100 Rosson Company Balance sheet Years ended 2012 and 2018 Assets Current Assets: Cash $ 7,500 $ 12,500 Marketable Securities 1,000 1,500 50,000 47,500 150,000 145,000 5,000 2,500 Accounts Receivable Inventories. Prepaid Expenses Total Current Assets Plant and Equipment (net) Intangibles 213,500 209,000 147,000 157,000 30,500 0 $391,000 $366,000 Total Assets Llabilities and Stockholders' Equity Liabilities: Current Liabilities: $ 58,000 25,000 Accounts Payable Other Accrued Liabilities... Total Current Liabilities....... Bonds Payable.... Total Liabilities $ 79,500 22,500 102,000 100,000 83,000 90,000 173,000 202,000 130,000 of Par 20,000 Stockholders' Equity Common Stock ($S par) Paid-in Capital in Excess of Par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Common stock market price at year-end 130,000 20,000 14,000 164,000 68,000 218,000 $391,000 $366,000 $14.00 $8.55 **Dividend payments amounted to $11.000 in 2018 and $5,000 in 2017 **Dividend payments amounted to $11,000 in 2018 and $5,000 in 2017. Required Perform the following analyses. If you have insufficient data to use averages in ratio computations, use year-end balances in the calculations. d. Calculate the following solvency ratios for 2018 and 2017: (1) debt to assets ratio, (2) debt to equity ratio, (3) number of times interest is earned, and (4) plant assets to long-term liabilities. e. Calculate the following profitability ratios for 2018 and 2017: (1) net margin, (2) asset turnover, (3) return on investment, and (4) return on equity. D. Solvency Ratios 1. Debt to Assets Ratio 2018: 44.25% 2017: 55.19% 2. Debt to Equity Ratio 2018: 0.79 2017: 1.23 3. Return on Investment 2018: 17.17% 2017: 12.87% 4. Return on Equity 2018: 34.03% 2017: 28,72%