Condensed balance sheet and income statement data for Harigold Corporation are presented here. MARIGOLD CORPORATION Balance Sheets December 31 2017 2016 Cash $32.000 $ 22,000 Accounts receivable (net) 52,000 47.000 Other current assets 95,000 100,000 Investments 60,000 75,000 Plant and equipment (net) 500,000 370,000 $739,000 $614,000 Current abilities $ 87,000 $82,000 Long-term debt 150,000 90,000 Common stock, $10 par 325,000 315,000 Retained earnings 177.000 127,000 $739,000 $614,000 2015 $ 20,000 50,000 69,000 50,000 358,000 $547,000 $72,000 55,000 305,000 115,000 $547,000 MARIGOLD CORPORATION Income Statements For the Years Ended December 31 2017 Sales revenue $745,000 Less Sales returns and allowances 42,000 Feet sales 703,000 2016 $605,000 32,000 573,000 Cost of goods sold Gross profit Operating expenses (including income taxes) 700.000 430,000 273,000 152.000 $91,000 573,000 355,000 218,000 152,000 $ 66,000 Net Income Additional information: 1. The market price of Marigold's common stock was $7.00, $7.50 and $8.50 for 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. (Hound earnings per share and asset turnover to decimal places, C 1.83 and all other answers to I decimal place, 1.8 or 1.89.) 2017 2016 Profit margin Gross profit rate Asset turnover times Earnings per share Price caros ratio times times Payout ratio Debt to assets ratio