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Below are the year-end financial statements of Ajax Corporation: Additional information regarding 2023: 1. Total cash provided by operating activities was $101,020. 2. Net income

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Below are the year-end financial statements of Ajax Corporation: Additional information regarding 2023: 1. Total cash provided by operating activities was $101,020. 2. Net income was $37,520. Total gross profit was $204,200. 3. Total sales of $480,000 were on credit. 4. The cost of goods sold was $275,800. 5. Interest expense was $11,560. 6. Income tax expense for 2023 was $12,000. 7. Total cash dividends declared and paid in 2023 were $10,000. 8. Share issued and outstanding were the same throughout the year. 9. Average market price per share was $18. REQUIRED: Calculate each of the following ratios for December 31,2023 . Round to two decimal places. Hint: If a ratio is a percentage such as 10.25%, please enter the answer as 10.25. Do not enter 0.10 as your answer. You may wish to also refer to the ACCT 215 \& 1010 Ratio Sheet.docx Question 30 (10 points)

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