b) The comparative statements of Parker Company are presented below- 2019 Tk 6.11.300 PARKER COMPANY Income Statements For the Years Ended December 31 Particulars 2020 Net sales Tk. 6,69,200 Expenses: Cost of goods sold 3,13,300 Selling and administrative expense 2.16,000 Interest expense 37,000 Income tax expense 44,500 Total expenses 6.10.800 Net income 58,400 3,06,200 1.99,500 34,000 37,000 5.76,700 34.600 2020 2019 PARKER COMPANY Balance Sheets December 31 Particulars Assets Cash Short-term investments Accounts receivable (net) Inventory Prepaid Insurance Equipment Furniture Machinery Total assets 70,100 69,000 97,800 83,300 24,000 2,47,000 2,33,000 4,31,000 12,55,200 74,200 50,000 82,800 75,500 48.000 2,23,000 1,95,000 3.55,000 11.03.500 Liabilities and Stockholders' Equity Accounts payable Salaries payable Notes payable Mortgage payable Debenture Common stock (Tk 8 par) Retained earnings Total liabilities and stockholders' equity All sales were on account. Market price per share was Tk. 16.25 1,60,000 49,500 94,500 2,00,000 1,90,000 2,80,000 2,81,200 12.55,200 1,45,400 42,000 1.03.700 2,00,000 1,50,000 2.10,000 2,52,400 11.03,500 Instructions: Compute the following ratios for 2020- (i) Current ratio (ii) Receivables turnover (iii) Return on common stockholders' equity. (iv) Payout ratio (v) Earnings per share (vi) Price-earnings ratio (vii) Debt to total assets (viii) Times interest earned, 1071