Problem 18-6A Copyef HoMEWORK The comparative statements of Corbin Company are presented below Income Statement For the Years Ended December 31 Net sales [all on account) $599900 $519300 415.500 119.900 Cost of goods sold Sellng and administrative Intereat expense Inoome tax expense 353600 114800 6500 14200 489,100 39 200 30200 17.500 550.700 Total expenses Net income Balance Sheets Ourrent assets Cash Short-term investments Accounts receivable (net) 20,100 17,300 85,400 89,600 17,400 Total current assets Plant assets (net) Total assets Liabilities and Stockholders Equity Current liabilities 73,600 70100 212400 175,700 422,600 3.200 $558.900 $635,000 8122800 23,300 146,100 $110,200 19,100 129,300 Accounts payable Income taxes payabe Total current lisblities Long-term liabilties Bonds payable 120,300 79.300 Total liabiities 266400 208,600 Stockholders equity 153,000 215600 368,600 635,000 153,000 197.300 350,300 558,900 Common stock ($5 par) Retained eamings Total stockholders' equity Total liabilties and s0ckhoiders equity Addtional data The common stock recently sold at $19 79 per share. Compute the following ratios for 2017. (Round Acid-test ratio and Earnings per share to 2 decimal places, eg. 1.65, and aW other answers to 1 decimal place, e.g. 6.8 or 6.8%) (a) Current ratio. b) Acid-test ratio. (e) Accounts receivable turnover (d) Inventory turnover e) Profit margin. t) Asset turnover g)Return on assets (h) Return on common stockholders' equity i) Eamings per share. ) Price-eamings ratio (k) Payout ratio ) Debt to assets ratio. m) Times interest eaned imes imes Question Attempts: 0 of 3 used SAVE FOR LATER SURMIT