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Current Attempt in Progress The comparative statements of Sandhill Co. are presented here. SANDHILL CO. Income Statements For the Years Ended December 31 2017 2016

Current Attempt in Progress

The comparative statements of Sandhill Co. are presented here.

SANDHILL CO. Income Statements For the Years Ended December 31

2017

2016

Net sales

$1,896,740

$1,756,700

Cost of goods sold

1,064,740

1,012,200

Gross profit

832,000

744,500

Selling and administrative expenses

506,200

485,200

Income from operations

325,800

259,300

Other expenses and losses

Interest expense

23,200

21,200

Income before income taxes

302,600

238,100

Income tax expense

93,200

74,200

Net income

$ 209,400

$ 163,900

SANDHILL CO. Balance Sheets December 31

Assets

2017

2016

Current assets

Cash

$ 60,100

$ 64,200

Debt investments (short-term)

74,000

50,000

Accounts receivable

124,000

109,000

Inventory

127,200

116,700

Total current assets

385,300

339,900

Plant assets (net)

664,000

535,300

Total assets

$1,049,300

$875,200

Liabilities and Stockholders Equity

Current liabilities

Accounts payable

$ 166,200

$151,600

Income taxes payable

44,700

43,200

Total current liabilities

210,900

194,800

Bonds payable

235,000

215,000

Total liabilities

445,900

409,800

Stockholders equity

Common stock ($5 par)

290,000

300,000

Retained earnings

313,400

165,400

Total stockholders equity

603,400

465,400

Total liabilities and stockholders equity

$1,049,300

$875,200

All sales were on account. Net cash provided by operating activities for 2017 was $229,000. Capital expenditures were $137,000, and cash dividends were $61,400. Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)

(a) Earnings per share

$Enter earnings per share in dollars

(b) Return on common stockholders equity

Enter return on common stockholders' equity in percentages

%
(c) Return on assets

Enter return on assets in percentages

%
(d) Current ratio

Enter the current ratio value

:1
(e) Accounts receivable turnover

Enter accounts receivable turnover in times

times
(f) Average collection period

Enter average collection period in days

days
(g) Inventory turnover

Enter inventory turnover in times

times
(h) Days in inventory

Enter the number of days in inventory

days
(i) Times interest earned

Enter times interest earned

times
(j) Asset turnover

Enter asset turnover in times

times
(k) Debt to assets ratio

Enter debt to assets ratio in percentages

%
(l) Free cash flow

$Enter free cash flow in dollars

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