Points as indicated 1 (26 points) The financial statements of Harz Company appear below HAINZ COMPANY Comparative Balance Sheet December 31 Assets Cash Accounts receivable (net). Property, plant and equipment (net) s 20,000 20,000 40,000 60,000 S 40,000 60,000 30,000 70,000 Total assets s 20,000 30,000 Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings 40,000 80,000 a150,000 110.000 90,000 160,000 150,000 70.000 Total liabilities and stockholders' equity HAINZ COMPANY Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold Gross profit Expenses $400,000 250,000 50,000 Operating expenses. Interest expense $42,000 18,000 Total expenses Income before income taxes. Income tax expense Net income 90,000 27.000 $ 63,000 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. Using the financial statements and additional information, compute the following ratios for Hainz Company fo 2017. Show all computations. Instructions