Indicate, by using ratios, the change in liquidity and profitability of Messersmith Company from 2016 to 2017. (Round Earnings per share to 2 decimal places e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8% .) 2016 2017 Change LIQUIDITY Current Acid-test Accounts recetvable turnover times times Inventory turnover PROFITABILITY Profit margin Asset tumover Return on assets times times times times Earnings per share 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 $82,500. Total assets on December 31, 2018, were $1,155,000. (Round answers to 1 decimal place, e.g. 6.8 or 6.8% .) Situation Ratio (1) 29,700 shares of common stock were sold at par on July 1, 2018 (2) All of the notes payable were paid in 2018. The only change in iabilities was that the notes payable were paid. Debt to assets ratio (3) Market price of common stock was $15 on December 31, 2017, and $21.12 on December 31, 2018. Return on common stockholders' equity Price-earnings ratic 2017 Change- 2018 Return on common stockholders' equity Indicate, by using ratios, the change in liquidity and profitability of Messersmith Company from 2016 to 2017. (Round Earnings per share to 2 decimal places e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8% .) 2016 2017 Change LIQUIDITY Current Acid-test Accounts recetvable turnover times times Inventory turnover PROFITABILITY Profit margin Asset tumover Return on assets times times times times Earnings per share 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 $82,500. Total assets on December 31, 2018, were $1,155,000. (Round answers to 1 decimal place, e.g. 6.8 or 6.8% .) Situation Ratio (1) 29,700 shares of common stock were sold at par on July 1, 2018 (2) All of the notes payable were paid in 2018. The only change in iabilities was that the notes payable were paid. Debt to assets ratio (3) Market price of common stock was $15 on December 31, 2017, and $21.12 on December 31, 2018. Return on common stockholders' equity Price-earnings ratic 2017 Change- 2018 Return on common stockholders' equity