CURRENT RATO

RETURN ON COMMON STOCKHOLDERS' EQUITY

PRICE EARNINGS RATIO

PRICE EARNINGS RATIO

ACID TEST RATIO

ACCOUNTS RECEIVABLES TURNOVER

TIMES INTEREST EARNED

PROFIT MARGIN

DAYS IN INVENTORY

PAYOUT RATIO

RETURN ON ASSETS

Grant Corp- Comparative Balance Sheet 12/31/2019 2019 2018 Assets Cash Short-term investments Accounts receivable, net Inventory Property, plant & equipment, net Total assets 25,000 15,000 50,000 50,000 260,000 400,000 40,000 60,000 30,000 70,000 #### #### Liabilities & Stockholders' equity Accounts payable 20,000 Short-term notes payable 30,000 Bonds payable 90,000 Common stock 150,000 Retained earnings 110,000 Total liabilities & stockholders 400,000 30,000 90,000 #### #### 70,000 #### Grant Corp. Income Statement 12/31/2019 400,000 240,000 160,000 Net sales Cost of goods sold Gross profit Expenses Operating expenses Interest expense Total expenses Income before income taxes Income tax expense Net Income 52,000 18,000 70,000 90,000 27,000 63,000 ADDITIONAL INFORMTION Cash dividends were declared and paid during th 23,000 Weighted average number of shares of common stook outstanding 30,000 Market value of common stock on December $ 21 per share INSTRUCTIONS: Using the financial statements and additional information, compute the following ratios for the company for 2019. Show all computations