Condensed balance sheet and income statement data for Grouper Corporation are presented here.

GROUPER CORPORATION

Balance Sheets

December 31

2017

2016

2015

Cash$31,000

$21,000

$19,000

Accounts receivable (net)51,000

46,000

49,000

Other current assets96,000

101,000

70,000

Investments61,000

76,000

51,000

Plant and equipment (net)500,000

370,000

358,000

$739,000

$614,000

$547,000

Current liabilities$86,000

$81,000

$71,000

Long-term debt151,000

91,000

56,000

Common stock, $10 par326,000

316,000

306,000

Retained earnings176,000

126,000

114,000

$739,000

$614,000

$547,000

GROUPER CORPORATION

Income Statements

For the Years Ended December 31

2017

2016

Sales revenue$746,000

$606,000

Less: Sales returns and allowances41,000

31,000

Net sales705,000

575,000

Cost of goods sold431,000

356,000

Gross profit274,000

219,000

Operating expenses (including income taxes)181,000

151,000

Net income$93,000

$68,000

Additional information:

1.The market price of Grouper's common stock was $7.00, $7.50, and $8.50for 2015, 2016, and 2017, respectively.2.You must compute dividends paid. All dividends were paid in cash.

(a)Compute the following ratios for 2016 and 2017.(Round earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.)

2017

2016

Profit margin

%

%Gross profit rate

%

%Asset turnover

times

timesEarnings per share$

$

Price-earnings ratio

times

timesPayout ratio

%

%Debt to assets ratio

%

%