LANDWEHR CORPORATION Balance Sheets December 31 Cash Accounts receivable (net) Other current assets $25,000 20,000 $18,000 50,000 45,000 48,000 64,000 45,000 equipment 400,000 370,000 358,000 $640,000 $600,000 $533,000 $75,000 $80,000 $70,000 80,000 85,000 50,000 90,00095,000 75,000 70,000 Plant and (net) Current liabilities Long-term debt Common stock, $10 340,000 310,000 300,000 par Retained earnings 145,000 125,000 113,000 $640,000 $600,000 $533,000 LANDWEHR CORPORATION Income Statement For the Years Ended December 31 2018O 2017 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit $740,000 $700,000 40,000 50,000 700,000 650,000 420,000 400,000 280,000 250,000 Operating expenses (including income taxes) 235,000 220,000 $45,000 $30,000 Net income Additional information: 1. The market price of Landwehr's common stock was $4, $5, and $8 for 2016, 2017, and 2018, respectively. 2. All dividends were paid in cash. Compute the following ratios for 2017 and 2018" (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, eg. 6.8 or 6.8%.) 2017 2018 (1) Profit margin (2) Asset turnover (3) Earnings per share. (Weighted-average common shares in 2018 were 32,000 (4) Price-earnings ratio (5) Payout ratio (6) Debt to assets ratio 4.62 11.5 times 0.97 5.15 times 3.87 6.43 1.13 times 1.41 5.67 times 4.44 12.5 and in 2017 were 31,000.) 14.17