need help with A AND H

Problem 14-2A Your answer is partially correct. Try again The comparative statements of Painter Tool Company are presented below PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,753,100 978,000 775,100 480,800 294,300 $1,817,500 1,008,600 808,900 519,200 289,700 14,100 280,200 78,000 $ 202,200 18,900 270,800 80,600 $ 190,200 Interest expense Income before income taxes Income tax expense Net income PAINTER TOOL COMPANY Balance Sheets December 31 2017 2016 Assets Current assets Cash Short-term investments Accounts receivable (net) Inventory $60,300 68,300 116,100 122,700 367,400 $64,500 50,500 101,000 115,200 331,200 Total current assets Balance Sheets December 31 2016 Assets 2017 Current assets $60,300 68,300 116,100 122,700 367,400 603,300 $970,700 $64,500 50,500 101,000 115,200 331,200 521,600 $852,800 Cash Short-term investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities $145,900 41,900 187,800 196,800 384,600 Accounts payable Income taxes payable 161,000 43,100 204,100 196,800 400,900 Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings 276,200 293,600 569,800 970,700 297,400 170,800 468,200 $852,800 Total stockholders' equity Total liabilities and stockholders' equity All sales were on account. Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 54,800.) (Round Earnings per share, Current ratio and Acid-test ratio to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, eg. 6.8 or 6.8%.) Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 54,800.) (Round Earnings per share, Current ratio and Acid-test ratio to 2 decimal places, e.g. 1.65 or 1.65: 1, and all other answers to 1 decimal place, eg. 6.8 or 6.8%.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Acid-test ratio (f) Accounts receivable turnover (9) Inventory turnover (h) Times interest earned (i) Asset turnover (i) Debt to assets ratio Click if you would like to Show Work for this question: Open Show Work 3.44 36.65 % 20.86 % 1.80 1 1.20:1 6.74times 8.48 times 14.68 times 1.99 times 41.30 %