B. PR.13.05 ALGO Alvihmic Basic Financial Ratios The accounting staff of CC Enterprises has completed the financial statements for the 2017 calendar year. The statement of income for the current year and the comparative statements official poskion for 2017 and 2016 follow Tuleve CCB Enterprises Statement of Income For the Year Ended December 31, 2017 (thousands omitted) Reverwe Net sales $797,550 Other 59,140 $355,709 Expenses : Cost of goods sold $533.240 Research and development 24,120 Selling and administrative 154,520 Interest 19,646 Total expenses $231,520 Income before inome taxes $125,180 Income takes S0,072 , Net Income $75,106 CC Enterprises Comparative Statements of Financial Position December 31, 2017 and 2016 [thousands omitted) 2017 2016 Assets Current assets. Cash and short-term investments $25,720 $23.120 Recevables, less allowance for doubtful sout ($1,000 in 2017 and $1,350 in 2015) 44,150 53.240 Inventories, at lower of FIFO cost of market 64,220 Prepaid and other current assers 4,880 2.700 Total current assets 5143,570 $1,200 Other set Investments, acco $106,060 $105,050 Deposits 4,770 8.00 Total other assers $115,830 $154,090 Property, plant, and equipment Land $12.190 $12,190 Buildings and equipment, less accumulated depreciation ($125,120 in 2017 and $121,740 in 20:6) 267.910 247,930 Total property, plans, and equipment $280.130 $260, 120 Total assets $530,5% 5510,470 Liabilities and Owners' Equity Current labities: Short-term loans 22.010 $24,170 Accounts payable 72,120 70.770 Swarns, wages, and other 26,250 27,130 Total current abtines $129,380 $132,070 Longe der $160,300 $270, 910 Total liabides $200.750 $293.010 Cwners' equity Common stock, at par 549,730 $41.200 Paid-in capital in excess of par 64,210 61.100 Total paisin caital $107,940 $102,050 Astaired warnings 150,830 124,500 Total owners equity $239,770 $217,400 Total liabilities and owners' equily $529,530 5510,470 + Required: 1. Caoulate the followinp financial ratio fer 2017 for CCB Enterprises Round tems, and to the nearest whole number. Round all other answers to two decal places Assume a 360-day yest a. Times interest earned to 1 1 b. Rebum on total assets Return on common stockholders' equity d. Debt-to-equity ratio at December 31, 2017) to 1 c. Current ratio (at December 31, 2017) to 1 A Quick (acid-test) racio (at December 31, 2017) to 1 9. Accounts receivable turnover ratio (Assume that all sales are on credit.) times h. Number of days' sales in receivables days Inventory turnover ratio (Assume that all purchases are on crede.) [.) times Number of days sales in inventory days k Number of days in cash operating eyde days 2 Which of the following statements pertaining to rato analys of CC Enterprises true