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e condensed financial statements of Marks Company for the years 2017-2018 are presented below: Marks Company Comparative Balance Sheets As of December 31, 2017 and

e condensed financial statements of Marks Company for the years 2017-2018 are presented below:

Marks Company

Comparative Balance Sheets

As of December 31, 2017 and 201820182017Cash$398,000$155,000Accounts receivable (net)372,000305,000Inventories375,000342,000Plant and equipment1,821,0001,119,000Accumulated depreciation(263,000)(195,000)$2,703,000$1,726,000Accounts payable$342,000$162,000Dividends payable-0-42,000Bonds payable401,000-0-Common stock ($10 par)1,520,0001,240,000Retained earnings440,000282,000$2,703,000$1,726,000

Additional data:Market value of stock at 12/31/18 is $80per share.Marks sold35,000shares of common stock at par on July 1, 2018.

Marks Company

Condensed Income Statement

For the Year Ended December 31, 2018Sales revenue$2,401,000Cost of goods sold1,648,000Gross profit753,000Administrative and selling expenses503,000Net income$250,000

Compute the following financial ratios by placing the proper amounts for numerators and denominators.(Round per unit answers to 2 decimal places, e.g. 52.75.)

(a)Current ratio at 12/31/18$$

(b)Acid test ratio at 12/31/18$$

(c)Accounts receivable turnover in 2018$$

(d)Inventory turnover in 2018$$

(e)Profit margin on sales in 2018$$

(f)Earnings per share in 2018$

(g)Return on common stock holders' equity in 2018$$

(h)Price earnings ratio at 12/31/18$$(i)Debt to assets at 12/31/18$$

(j)Book value per share at 12/31/18

how do you figure these?

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