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NOTE : HANDWRITTEN AND SCANNED DOCUMENT AS PDF TO BE UPLOADED DO NOT USE JPG IMAGES The bondle wise daind May 1, doit 7and and

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NOTE : HANDWRITTEN AND SCANNED DOCUMENT AS PDF TO BE UPLOADED DO NOT USE JPG IMAGES The bondle wise daind May 1, doit 7and and bonde. The financial statements of Hainz Company appear below: HAINZ COMPANY Comparative Balance Sheet December 31, HAINZ COMPANY Income Statement For the Year Ended December 31, 2017 Additional information: a. Cash dividends of $23,000 were declared and paid in 2017. b. Weighted-average number of shares of common stock outstanding during 2017 was 30,000 shares. c. Market value of common stock on December 31, 2017, was $21 per share. Instructions [ USE THE FORMULAE FROM CHAPTER 18 SLIDES FROM MOODLE] Using the financial statements and additional information, compute the following ratios for Hainz Company for 2017. Show all computations. Computations 1. Current ratio 2. Return on common stockholders' equity 3. Price-earnings ratio 4. Acid-test ratio 5. Accounts receivable turnover 6. Times interest earned 7. Profit margin 8. Days in inventory 9. Payout ratio 10. Return on assets

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