Ohio Corporation

Income Statement

For the year ended December 31, 2016

Sales $2,100,000

Cost of goods sold -1,350,000

Gross Profit 750,000

Operating Expenses

Depreciation expense 112,000

Salary expense 133,600

Insurance Expense 40,000

Rent Expense 180,000

Interest Expense 22,200

Total Operating Expenses 487,800

Profit Before Tax 262,200

Income Tax Expense -50,370

Net income $211,830

From the above information for Ohio Corporation compute the following analytic measures:

a.Current Ratio

b.Quick Ratio

c.Debt Ratio

d.Return on Investment

e.Margin

f.Turnover

g.Return on Equity

h.Earnings per share

i.Price/Earnings Ratio

Additional information:

The common stock market price at 12/31/16 was $30 per share