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Information from the December 31, 2016 and December 31, 2017 Balance Sheet and Income Statement of the ABC Company is presented below. From this information

Information from the December 31, 2016 and December 31, 2017 Balance Sheet and Income Statement of the ABC Company is presented below. From this information compute the ratios for 2017 that are listed: Current Ratio, Gross Profit Ratio, Net Profit Ratio, Return on Assets, Return on Common Stockholders' Equity, Debt to Asset Ratio, Debt to Equity Ratio, times interest earned.

2017

2016

Current assets

$500,000

$250,000

Property, Plant & Equipment

1,300,000

1,050,000

Long-term investments

200,000

200,000

Intangibles and other assets

1,500,00

1,000,000

Current liabilities

350,000

200,000

Long-term liabilities

1,300,000

1,100,000

Common stock

1,000,000

1,000,000

Retained earnings

1,850,000

1,200,000

Net sales

8,000,000

6,800,000

Cost of goods sold

3.700.000

3,500,000

Other operating expenses

2,800,000

2,500,000

Interest expense

25,000

20,000

Income tax expense

37,500

18,000

Dividends

10,000

5,000

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