MONTY COMPANY Comparative Balance Sheet December 31 2022 2021 $ 26,700 22,900 60,400 139,000 167,000 $416,000 $ 39,100 55,300 25,400 172,000 200,000 $491,800 Assets Cash Debt investments Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets Liabilities and stockholders' equity. Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 24,400 38,200 69,700 181,700 102,000 $416,000 $ 31,800 89,000 165,800 121,000 84,200 $491,800 $315,000 167,000 148,000 MONTY COMPANY Income Statement For the Year Ended December 31, 2022 Net sales (all on credit) Cost of goods sold Gross profit Expenses Interest expense $10,700 Selling expenses 28,000 Administrative expenses 21,000 Total expenses Income before income taxes Income tax expense Net income 59,700 88,300 36,000 $ 52,300 Additional information: b. Cash dividends of $50,800 were declared and paid on common stock in 2022. Weighted average number of shares of common stock outstanding during 2022 was 50,800 shares. Market price of common stock on December 31, 2022, was $16 per share. Net cash provided by operating activities for 2022 was $82,800. d. Using the financial statements and additional information, compute the following ratios for the Monty Company for 2022. (Round all answers to 2 decimal places, eg. 1.83 or 12.61%.) 1. :1 Current ratio Return on common stockholders' equity 2. % 3. Price-earnings ratio times 4. Inventory turnover times 5. Accounts receivable turnover times 6. times Times interest earned Profit margin 7. % 8. Average days in inventory days 9. Payout ratio 10. Return on assets %