Financial information for Messersmith Company is presented below.

MESSERSMITH COMPANY Balance Sheets December 31
Assets	2017	2016
Cash	$114,800	$106,600
Short-term investments	85,280	65,600
Accounts receivable (net)	160,720	131,200
Inventory	205,000	221,400
Prepaid expenses	47,560	37,720
Land	213,200	213,200
Building and equipment (net)	295,200	287,000
$1,121,760	$1,062,720
Liabilities and Stockholders' Equity
Notes payable	$164,000	$164,000
Accounts payable	78,720	68,880
Accrued liabilities	82,000	65,600
Bonds payable, due 2020	246,000	246,000
Common stock, $10 par	328,000	328,000
Retained earnings	223,040	190,240
$1,121,760	$1,062,720

MESSERSMITH COMPANY Income Statement For the Years Ended December 31
2017	2016
Net sales	$1,394,000	$1,295,600
Cost of goods sold	1,016,800	943,000
Gross profit	377,200	352,600
Operating expenses	306,680	283,720
Net income	$70,520	$68,880

Additional information:

1.	Inventory at the beginning of 2016 was $193,520.
2.	Total assets at the beginning of 2016 were $1,033,200.
3.	No common stock transactions occurred during 2016 or 2017.
4.	All sales were on account. Accounts receivable, net at the beginning of 2016 were $144,320.
5.	Notes payable are classified as current liabilities.

Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2017, and (2) as of December 31, 2018, after giving effect to the situation. Net income for 2018 was $82,000. Total assets on December 31, 2018, were $1,148,000.(Round answers to 1 decimal place, e.g. 6.8 or 6.8% .)

Situation	Ratio
(1)	29,520 shares of common stock were sold at par on July 1, 2018.	Return on common stockholders' equity
(2)	All of the notes payable were paid in 2018. The only change in liabilities was that the notes payable were paid.	Debt to assets
(3)	Market price of common stock was $15 on December 31, 2017, and $20.99 on December 31, 2018.	Price-earnings ratio

2017	2018
Return on common stockholders' equity		%		%
Debt to assets		%		%
Price-earnings ratio		times		times