Assets Cashi Short-term investments. Accounts receivable (net). Inventory...... Property, plant and equipment (net). Total assets Liabilities and Stockholders' Equity 2016 2015 $ 35,000 $ 40,000 15,000 60,000 50,000 30,000 50,000 70,000 250,000 300,000 $400,000 $500,000 Accounts payable.... $ 10,000 $ 30,000 Short-term notes payable. 40,000 90,000 Long-term notes payable 88,000 160,000 Common stock... 160,000 145,000 Retained earnings. 102.000 75.000 Total liabilities and stockholders' equity. $400,000 $500,000 DOBSON COMPANY Net sales... Cost of goods sold. Gross profit.... Expenses Income Statement For the Year Ended December 31, 2016 Depreciation expense. Interest expense. Selling expenses Administrative expenses.. Total expenses. Net income... $360,000 198,000 162,000 $15,000 12,000 40,000 59,000 126.000 $36.000 Additional information: (i) Cash dividends of $9,000 were declared and paid in 2016. (ii) Weighted-average number of shares of common stock outstanding during 2016 was 30,000 shares. (ii) Market value of common stock on December 31, 2016, was $21 per share. Principles of Accounting 156 Required (only calculate the ratios for 2016): (a) What is the return on assets? (b) What is the receivables turnover ratio? (c) What is the average collection period? (d) What is the inventory turnover ratio? (e) What are the average days in inventory? (f) What is the debt to equity ratio? (g) What is the profit margin