E5-16 Ratio An 6 LO 5.10 Ratio Analysis Byers Company presents the following condensed income statement for 2019 and condensed December 31, 2019, balance sheet: Income Statement Sales (net) $ 267,000 Less: Cost of goods sold $160,000 Operating expenses 62,000 Interest expense 11,000 Income taxes 10,000 Total expenses 1243,000) Net income $ 24,000 SHOW WE HOW Cash Receivables (net) Inventory Long-term investments Property and equipment (net) Total Assets $ 10,000 22,000 56,000 30,000 282,000 $400,000 Balance Sheet Current liabilities Bonds payable, 10% Common stock, $10 par Additional paid-in capital Retained earnings Total Liabilities and Shareholders' Equity $ 40,000 110,000 100,000 95,000 55,000 $400,000 Additional information: 1. The company's common stock was outstanding the entire year. 2. Dividends of $1.50 per share on the common stock were declared in 2019. 3. On December 31, 2019, common stock is selling for $20 per share. 4. On January 1, 2019, the accounts receivable (net) balance was $24,000, total assets amounted to $380,000, otal shareholders' equity was $241,000. 5. Of the company's net sales, 78% are on credit. 6. The company operates on a 365-day business year. Required: Compute the following ratios for Byers (round all computations to two decimals): (1) earnings per share, (2) gross profit margin, (3) operating profit margin, (4) net profit margin, (5) total asset turnover, (6) return on assets, (7) return on common equity, (8) receivables turnover (in days), and (9) interest coverage