Problem 14-3A Condensed balance sheet and income statement data for Landwehr Corporation appear below. LANDWEHR CORPORATION Balance Sheets December 31 2018 2017 Cash $ 700 Accounts receivable (net) $ 12,100 55,000 Other current assets 46,500 88,500 93,000 Investments 73,000 70,000 Plant and equipment (net) 419,000 389,000 $636,200 $610,600 Current liabilities $73,000 $83,400 Long-term debt 78,200 86,200 Common stock, $10 par 340,000 310,000 Retained earnings 145,000 131,000 $636,200 $610,600 2016 $ 1,000 49,500 65,500 55,000 377,000 $548,000 $70,000 59,000 300,000 119,000 $548,000 LANDWEHR CORPORATION Income Statement For the Years Ended December 31 2018 Sales revenue $740,000 Less: Sales returns and allowances 40,000 Net sales Cost of goods sold 700,000 420,000 Gross profit Operating expenses (including income taxes) 280,000 235,000 2017 $700,000 50,000 650,000 400,000 250,000 220,000 Operating expenses (including income taxes) Net income 235,000 $ 45,000 220,000 $ 30,000 Additional information: 1. The market price of Landwehr's common stock was $4, $5, and $8 for 2016, 2017, and 2018, respectively. 2. All dividends were paid in cash. Compute the following ratios for 2017 and 2018. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal ph 6.8%.) 2017 2018 times times (1) Profit margin (2) Asset turnover (3) Earnings per share. (Weighted average common shares in 2018 were 32,000 and in 2017 were 31,000.) (4) Price-earnings ratio (5) Payout ratio (6) Debt to assets ratio times