Canvas The balance sheet and income statement of Panther Corporation appear below: Panther Corporation Comparative Balance Sheet December 31, Assets 2024 2023 Cash $ 25,000 $ 40,000 Short-term investments 15,000 60,000 Accounts receivable (net) 50,000 30,000 Inventory 50,000 70,000 Property, plant and equipment (net) 260,000 300,000 Total assets $400,000 $500,000 Liabilities and stockholders' equity. Accounts payable $ 20,000 $ 30,000 Short-term notes payable 30,000 90,000 Bonds payable 90,000 160,000 Common stock 150,000 150,000 Retained earnings 110,000 70,000 Total liabilities and stockholders' equity $400,000 $500,000 Panther Corporation Income Statement For the Year Ended December 31, 2024 Net sales (all on credit) $400,000 Cost of goods sold 240,000 Gross profit 160,000 Expenses Onerating eynences 3,769 esc 20 888 DD F1 F2 F3 F4 F5 F6 F7 F8 F9 @ % & 2 3 4 5 18 Q W E R T Y U tabCanvas F - X C H A Z Expenses Operating expenses $42,000 Interest expense 18,000 Total expenses 60,000 Income before income taxes 100,000 Income tax expense 30,000 Net income $ 70,000 Additional information: a. Cash dividends of $30,000 were declared and paid in 2024. b. Weighted-average number of shares of common stock outstanding during 2024 was 30,000 shares. c. Market value of common stock on December 31, 2024, was $21 per share. Instructions Using the financial statements and additional information, compute the following ratios for Panther Corporation for 2024 1. Receivables Turnover 2. Debt to Assets 3 Times Interest Earned 4. Return on Assets 3,769 MAY 10 5 8 20 F2 F3 F4 F 5 F6 F7 F8