CORBIN COMPANY Income Statement For the Years Ended December 31
		2017			2016
Net sales (all on account)		$600,500			$520,800
Expenses
Cost of goods sold		414,600			353,300
Selling and administrative		119,900			113,000
Interest expense		7,800			6,300
Income tax expense		17,900			14,200
Total expenses		560,200			486,800
Net income		$ 40,300			$ 34,000

CORBIN COMPANY Balance Sheets December 31
Assets		2017			2016
Current assets
Cash		$ 20,800			$ 17,100
Short-term investments		18,600			14,300
Accounts receivable (net)		86,400			73,400
Inventory		89,900			69,100
Total current assets		215,700			173,900
Plant assets (net)		422,000			383,800
Total assets		$637,700			$557,700
Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$122,800			$109,800
Income taxes payable		22,100			20,300
Total current liabilities		144,900			130,100
Long-term liabilities
Bonds payable		119,600			79,600
Total liabilities		264,500			209,700
Stockholders equity
Common stock ($5 par)		145,600			145,600
Retained earnings		227,600			202,400
Total stockholders equity		373,200			348,000
Total liabilities and stockholders equity		$637,700			$557,700

Additional data: The common stock recently sold at $18.25 per share. Part I - Compute the following ratios for 2017. (Round Acid-test ratio and Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)

(a)		Current ratio.			:1
(b)		Acid-test ratio.			:1
(c)		Accounts receivable turnover.			times
(d)		Inventory turnover.			times
(e)		Profit margin.			%
(f)		Asset turnover.			times
(g)		Return on assets.			%
(h)		Return on common stockholders equity.			%
(i)		Earnings per share.		$
(j)		Price-earnings ratio.			times
(k)		Payout ratio.			%
(l)		Debt to assets ratio.			%
(m)		Times interest earned.			times