Hi,

I have attached my question below.

The comparative statements of Sandhill Co. are presented here. SANDHILL CO. Income Statements For the Years Ended December 31 2017 Net sales $1,897,240 Cost of goods sold 1,065,240 Gross profit 832,000 Selling and administrative expenses 506,700 Income from operations 325,300 Other expenses and losses Interest expense 23,300 Income before income taxes 302,000 Income tax expense 93,300 Net income $ 208,700 2016 $1,757,200 1,012,700 744,500 485,700 258,800 21,300 237,500 74,300 $ 163,200 SANDHILL CO. Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable $ 60,100 74,000 124,500 127,300 385,900 661,000 Inventory $ 64,200 50,000 109,500 116,800 340,500 532,300 $872,800 Total current assets Plant assets (net) Total assets $1,046,900 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable $ 166,700 44,800 $152,100 43,300 195,400 212,000 211,500 232,000 443,500 407,400 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity 290,000 313,400 603,400 300,000 165,400 465,400 Total current liabilities 211,500 232,000 Bonds payable 195,400 212,000 407,400 Total liabilities 443,500 Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 290,000 313,400 603,400 $1,046,900 300,000 165,400 465,400 $872,800 All sales were on account. Net cash provided by operating activities for 2017 was $251,000. Capital expenditures were $136,000, and cash dividends were $60,700. Compute the following ratios for 2017. (Round current ratio, earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.) X (a) Earnings per share 16.27 (b) Return on common stockholders' equity 34.8 || % (c) Return on assets 19.4 || % (d) Current ratio 1.78 :1 x (e) Accounts receivable turnover 15.6 || times (f) Average collection period 23.4 || days (g) Inventory turnover 14.9 || times (h) Days in inventory 24.0 || days (i) Times interest earned 11.25 times 6) Asset turnover 1.90 || times (k) Debt to assets ratio 44.3 || % (1) Free cash flow 54,300