2. Financial statements for Kinder Corporation are presented below.

KINDER CORPORATION

Comparative Balance Sheet

December 31

2015 2014

Assets

Cash................................................................................................... $ 4,000 $ 6,000

Accounts receivable (net).................................................................. 16,000 12,000

Inventory............................................................................................ 20,000 18,000

Land................................................................................................... 28,000 8,000

Equipment.......................................................................................... 62,000 60,000

Accumulated depreciationequipment............................................ (20,000) (14,000)

Total assets.................................................................................. $110,000 $90,000

Liabilities and Stockholders' Equity

Accounts payable.............................................................................. $ 10,000 $16,000

Long-term notes payable................................................................... 34,000 19,000

Common stock ($10 par value)......................................................... 50,000 50,000

Retained earnings.............................................................................. 16,000 5,000

Total liabilities and stockholders' equity...................................... $110,000 $90,000

KINDER CORPORATION

Income Statement

For the year ended December 31, 2015

Sales revenue ..................................................................................................... $370,000

Less: Sales returns and allowances ................................................................... 10,000

Net sales ............................................................................................................. $360,000

Cost of goods sold .............................................................................................. 275,000

Gross profit ......................................................................................................... 85,000

Operating expenses ........................................................................................... 40,000

Income before income taxes .............................................................................. 45,000

Income tax expense ........................................................................................... 18,000

Net income .......................................................................................................... $ 27,000

Additional Information: All sales were on account. The market price of Kinder's common stock was $42 on December 31, 2015, 5000 shares of common stock issued and outstanding.

1. Compute the indicated ratios at December 31, 2015, or for the year ended December 31, 2015, as appropriate. Report answers to two decimal places.

1. Return on assets is ______________________________________________________.

2. Acid-test ratio is ________________________________________________________.

3. Profit margin ___________________________________________________________.

4. Payout ratio is __________________________________________________________.

5. Debt to assets ratio is ____________________________________________________.

6. Asset turnover is ________________________________________________________.

7. Accounts receivable turnover is ____________________________________________.

8. Price-earnings ratio is ____________________________________________________.

9. Current ratio is __________________________________________________________.

10. Debit to Equity___________________________________________________________

11. Inventory Turnover and Days in Inventory _____________________________________

12. Earnings per share ______________________________________________________

13. Accounts Receivable Turnover and Days in Sales ______________________________