CROWN POINT LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Assets Current assets Cash $30 $81 $200 907 698 504 Accounts receivable Inventory Total current assets Property, plant, and equipment (net) 794 497 1,573 1,190 2,127 4,105 $6,232 1,201 3,230 3,831 $5,404 $4,431 $553 Total assets Liabilities and Shareholders' Equity Liabilities Current liabilities Non-current liabilities Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $596 3,047 3,643 2,303 $499 1,508 2,007 2,856 999 999 999 1,590 1,549 2,589 2,548 $5,404 1,425 2,424 $4,431 $6,232 CROWN POINT LTD. Income Statement Year Ended December 31 (in thousands) 2018 2017 2016 $3,963 $3,581 1,787 2,116 Sales (all on credit) Cost of goods sold Gross profit Operating expenses Income from operations $4,533 2,508 2,025 1,447 1,847 1,794 1,472 1,489 578 375 305 Interest expense 191 129 71 Income before income tax 387 246 234 Income tax expense 97 62 59 Net income $290 $184 $175 Calculate the receivables turnover ratio, inventory turnover ratio, and current ratio for all three years. Assume that the accounts receivable and inventory balances at the end of 2015 were equal to the balances at the end of 2016. The company does not have an allowance for doubtful accounts and all sales are on credit. (Round answers to 1 decimal place, e.g. 5.2%.) 2016 2017 2018 times times times Receivables turnover times times times Inventory turnover Current ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the gross profit margin for each year (Round answers to 1 decimal place, e.g. 5.29.) 2016 2017 2018 Gross profit margin Calculate the profit margin ratio. (Round answers to 1 decimal place, e.g. 5.29.) 2016 2017 2018 Profit margin % LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the debt to total assets ratio and the times interest earned ratio for all three years. (Round answers to 1 decimal place, e.g. 5.2 or 5.29.) 2016 2017 2018 Yo 96 Debt to total assets times times times Times Interest earned The company paid all dividends as soon as they were declared and has only issued common shares. There are no preferred shares. Ratained earnings at the beginning of 2016 were $1.4 million. Calculate the cash dividends declared and dividend payout ratio for each year. (Round payout ratio to I decimal place, c.9. 5.29.) 2016 2017 2018 Dividends declared (in thousands) $ 96 % Payout ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the asset turnover for each of the three years. Assume that total assets at the end of 2015 were equal to total assets at the end of 2016. Multiply the asset turnover for each year by the profit margin for each year from part (c) above to determine the return on assets for each year. (Round asset turnover to 2 decimal palces, e.g. 5.26 and return on assets to I decimal place, e.g. 5.29.) 2016 2017 2018 times times times Asset turnover 06 90 996 Return on assets LINK TO TEXT LINK TO TEXT LINK TO TEXT ENG 10:22 PM 2010-10 Calculate the return on common shareholders' equity for each year. Assume that common shareholders' equity at the end of 2015 was equal to that amount for 2016 (Round answers to 1 decimal place, e.g. 5.296.) 2016 2017 2018 Return on common shareholders' equity