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Please send the complete and clear/correct answer. I posted questions on chegg and had to pay a lot, but for some questions i just didnt

image text in transcribedimage text in transcribedimage text in transcribedPlease send the complete and clear/correct answer. I posted questions on chegg and had to pay a lot, but for some questions i just didnt get the correct answers. Please send answer correctly. Don't want my money and time to go wasted.Thank you

Problem 18-2A Your answer is partially correct. Try again The comparative statements of Painter Tool Company are presented belovw 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 $1,817,200 1,012,800 804,400 516,400 288,000 $1,749,800 970,000 779,800 475,600 304,200 Interest expense Income before income taxes Income tax expense Net income 17,700 270,300 80,000 $190,300 15,000 289,200 77,900 211,300 PAINTER TOOLCOMPANY Balance Sheets Assets 2017 2016 Current assets Cash Short-term investments Accounts receivable (net) Inventory $60,700 70,900 116,500 123,300 371,400 596,300 $967,700 $63,400 50,100 102,500 116,000 332,000 520,900 $852,900 Total current assets Plant assets (net) Total assets Liapilities and Stockholders' Equity Current liabilities $160,600 43,500 204,100 201,900 406,000 $144,300 42,200 186,500 201,900 388,400 Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity 297,400 167,100 464,500 $852,900 Common stock ($5 par) Retained earnings 279,200 282,500 561,700 $967,700 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 57,200.) (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, e.g. 6.8 or 6.8%.) Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 57,200.) (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, e.g. 6.8 or 6.8%.) (a) Earnings per share (b) Return on common stockholders' equity 3.327 33.88 (c) Return on assets 19.66 (d) Current ratio (e) Acid-test ratio (f) Accounts receivable turnover (g) Inventory turnover 1.819 1 1.21:1 16.59 times 8.46times (h) Times interest earned times (i) Asset turnover times (i) Debt to assets ratio Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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