Exercise 90 The 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 2018 2018 2017 Cash $398,000 $151,000 Accounts receivable (net) 360,000 302,000 Inventories 376,000 336,000 Plant and equipment 1,832,000 1,1 12,000 Accumulated depreciation (260,000) (192,000) $2,706,000 $1,709,000 Accounts payable $336,000 $161,000 44,000 Dividends payable Bonds payable 405,000 Common stock ($10 par) 1,520,000 1,220,000 Retained earnings 445,000 284,000 $2,706,000 $1,709,000 Additional data: Market value of stock at 12/31/18 is $80 per share. Marks sold 34,000 shares of common stock at par on July 1, 2018. Marks Company Condensed Income Statement For the Year Ended December 31, 2018 Sales revenue $2,442,000 1,648,000 Cost of goods sold Gross profit 794,000 Administrative and selling expenses 504,000 $290,000 Net income 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.)