All sales were on account.

Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 52,100.) (Round Earnings per share, Current ratio and Acid-test ratio to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)

please answer from f to J.

Problem 18-2A The comparative statements of Painter Tool Company are presented below. PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales $1,814,500 $1,750,100 Cost of goods sold 1,012,800 976,000 Gross profit 801,700 774,100 Selling and administrative expenses 517,800 478,400 Income from operations 283,900 295,700 Other expenses and losses Interest expense 18,400 13,400 Income before income taxes 265,500 282,300 Income tax expense 81,400 76,500 Net income $ 184,100 $ 205,800 2016 $64,400 49,300 102,900 115,300 331,900 517,100 $849,000 PAINTER TOOL COMPANY Balance Sheets December 31 Assets 2017 Current assets Cash $59,200 Short-term investments 69,000 Accounts receivable (net) 117,200 Inventory 122,500 Total current assets 367,900 Plant assets (net) 600,800 Total assets $968,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,500 Income taxes payable 42,200 Total current liabilities 202,700 Bonds payable 196,800 Total liabilities 399,500 Stockholders' equity Common stock ($5 par) 278,000 Retained earnings 291,200 Total stockholders' equity 569,200 Total liabilities and stockholders' equity $968,700 $144,700 42,600 187,300 196,800 384,100 297,400 167,500 464,900 $849,000 All sales were on account. Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 52,100.) (Round Earnings (a) Earnings per share s All sales were on account. Compute the following ratios for 2017. (Weighted average common shares in 201 test ratio to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to (a) Earnings per share 3.53 (b) Return on common stockholders' equity 35.6 % (c) Return on assets 20.3 % (d) Current ratio 1.81 :1 (e) Acid-test ratio 1.21 :1 Accounts receivable turnover times (9) Inventory turnover times (h) Times interest earned times (1) Asset turnover times 0) Debt to assets ratio % Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO SIMILAR PROBLEN Questi