PLEASE SHOW WORK

ELCAMINO COMPANY Comparative Balance Sheet December 31, Assets Cash Debt investments Accounts receivable (net) Inventory... Property, plant and equipment (net) Total assets 2017 S. 25.000 20,000 50,000 140,000 170.000 $405.000 2016 $ 40,000 60,000 30,000 170,000 200,000 $500.000 $ 30,000 90,000 160,000 145,000 75 000 $500.000 Liabilities and stockholders' equity Accounts payable S. 25.000 Short-term notes payable 40,000 Bonds payable 75,000 Common stock 160,000 Retained earnings 105.000 Total liabilities and stockholders' equity $405.000 ELCAMINO COMPANY Income Statement For the Year Ended December 31, 2017 Net sales (all on credit) Cost of goods sold Gross profit Expenses Interest expense $11,000 Selling expenses 30,000 Administrative expenses 20.000 Total expenses Income before income taxes Income tax expense Net income $360,000 184.000 176,000 61.000 115,000 35,000 S. 80.000 Additional information: a. Cash dividends of $50,000 were declared and paid on common stock in 2017. b. Weighted-average number of shares of common stock outstanding during 2017 was 50,000 shares. c. Market price of common stock on December 31, 2017, was $16 per share. d. Net cash provided by operating activities for 2017 was $70,000. Using the financial statements and additional information, compute the following ratios for the Elcamino Company for 2017. You Must show all computations. 1. Current ratio 2. Return on common stockholders' equity 3. Price-earnings ratio 4. Inventory turnover 5. Accounts receivable turnover 6. Times interest earned 7. Profit margin 8. Days in inventory 9. Payout ratio 10. Return on assets