Check my work The comparative financial statements for Prince Company are below: Year 2 Year 1 $198,000 114,eee 84,000 56,809 27,200 8,800 $ 18,400 $169,000 100,800 68,200 53,480 14,800 $ 10,400 Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (10% interest) Common stock (55 par value, 6,160 shares outstanding) Retained earnings Total liabilities and stockholders' equity $ 4,800 14,400 40.800 46,200 $106.200 $ 16,400 45,400 30,00 13.64 $196,200 $ 7,400 18,400 34,400 38,800 $ 99,000 $ 17,400 45,400 30,800 5,400 Assume that the stock price per share is $32 and that dividends in the amount of $5.50 per share were paid during Year 2. Compute the following ratios: (Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (1.e. 0.1234 should be entered as 12.34).) Earnings per share Current ratio Quick ratio Cash ratio Pricelearnings ratio Dividend yield ratio