Please see attached. I am missing the answers for B,C & J

PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2015 2014 Net sales $1,817,120 $1,745,580 Cost of goods sold 1,011,020 976,650 Gross profit 806,100 768,930 Selling and 511,100 473,700 administrative expense Income from operations 295,000 295,230 Other expenses and losses Interest expense 17,980 14,770 Income before income 277,020 280,460 taxes Income tax expense 80,720 77,210 Net income $ 196,300 $ 203,250 PAINTER TOOL COMPANY Balance Sheets December 31 Assets 2015 2014 Current assets Cash $59,130 $64,170 Short-term investments 68,760 49,520 Accounts receivable (net) 117,720 102,170 Inventory 122,090 115,430 Total current assets 367,700 331,290 Plant assets (net) 601,510 520,150 Total assets $969,210 $851,440 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,100 Income taxes payable 42,680 Total current liabilities 202,780 Bonds payable 204,100 Total liabilities 406,880 Stockholders' equity Common stock ($5 par) 284,000 Retained earnings 278,330 Total stockholders' equity 562,330 $145,180 41,780 186,960 204,100 391,060 301,000 159,380 460,380 Total liabilities and stockholders' equity $969,210 (a) Earnings per share $851,440 $ 3.52 (b) Return on common stockholders' equity % (c) Return on assets % (d) Current ratio 1.82 :1 (e) Acid-test ratio 1.21 :1 (f) Accounts receivable turnover 16.5 times (g) Inventory turnover 8.5 times (h) Times interest earned 16.4 times (i) Asset turnover 2.0 times (j) Debt to total assets % PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2015 2014 Net sales $1,817,120 $1,745,580 Cost of goods sold 1,011,020 976,650 Gross profit 806,100 768,930 Selling and 511,100 473,700 administrative expense Income from operations 295,000 295,230 Other expenses and losses Interest expense 17,980 14,770 Income before income 277,020 280,460 taxes Income tax expense 80,720 77,210 Net income $ 196,300 $ 203,250 PAINTER TOOL COMPANY Balance Sheets December 31 Assets 2015 2014 Current assets Cash $59,130 $64,170 Short-term investments 68,760 49,520 Accounts receivable (net) 117,720 102,170 Inventory 122,090 115,430 Total current assets 367,700 331,290 Plant assets (net) 601,510 520,150 Total assets $969,210 $851,440 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,100 Income taxes payable 42,680 Total current liabilities 202,780 Bonds payable 204,100 Total liabilities 406,880 Stockholders' equity Common stock ($5 par) 284,000 Retained earnings 278,330 Total stockholders' equity 562,330 $145,180 41,780 186,960 204,100 391,060 301,000 159,380 460,380 Total liabilities and stockholders' equity $969,210 $851,440 $ (a) Earnings per share 3.52 (b) Return on common stockholders' equity 38.39 % (c) Return on assets 21.56 % (d) Current ratio 1.82 :1 (e) Acid-test ratio 1.21 :1 (f) Accounts receivable turnover 16.5 times (g) Inventory turnover 8.5 times (h) Times interest earned 16.4 times (i) Asset turnover 2.0 times (j) Debt to total assets 41.98 %