Financial Statement Analysis The financial statements of Gaines Company appear below: GAINES COMPANY Comparative Balance Sheet December 31, Assets 2021 2020 Cash $ 25,000 $ 40,000 Short-term investments 15,000 60,000 Accounts receivable (net) 50,000 30,000 Inventory 50,000 70,000 Property, plant and equipment (net) 260,000 300,000 Total assets $400,000 $500,000 Liabilities and stockholders' equity Accounts payable $ 20,000 $ 30,000 Short-term notes payable 30,000 90,000 Bonds payable 90,000 160,000 Common stock 150,000 150,000 Retained earnings 110,000 70,000 Total liabilities and stockholders' equity $400,000 $500,000 GAINES COMPANY Income Statement For the Year Ended December 31, 2021 Net sales $400,000 Cost of goods sold 240,000 Gross profit 160,000 Expenses Operating expenses $42,000 Interest expense 18,000 Total expenses 60,000 Income before income taxes 100,000 Income tax expense 30,000 Net income $ 70,000 Additional information: a. Cash dividends of $23,000 were declared and paid in 2020. b. Weighted-average number of shares of common stock outstanding during 2021 was 30,000 shares. c. Market value of common stock on December 31, 2020, was $21 per share. Instructions Using the financial statements and additional information, compute the following ratios for Gaines Company for 2021. Show all computations. Computations (show formulas, calculation in steps, and the right format of each ratio) 1. Revenue Growth _________. 2. Earnings Growth_________. 3. Net Margin____________. 4. Return on common stockholders' equity _________. 5. Earnings per Share (EPS)___________. 6. Price-earnings ratio (optional)_________.