Problem 9-3 Condensed balance sheet and income statement data for Bridgeport Corporation are presented here. 2015 BRIDGEPORT CORPORATION Balance Sheets December 31 2017 2016 Cash $ 32,000 $ 22,000 Accounts receivable (net) 52.000 47.000 Other current assets 93,000 98,000 Investments 58.000 73.000 Plant and equipment (net) 500,000 370,000 $735.000 $610.000 Current liabilities $ 87.000 $ 82.000 Long-term debt 148.000 89.000 Common stock, 510 par 323.000 313,000 Retained earnings 177.000 127.000 $ 20,000 50,000 67,000 48,000 359.000 $543,000 5 72,000 53,000 303,000 115.000 572 BRIDGEPORT CORPORATION Income Statements For the Years Ended December 31 2017 Sales revenue $743,000 Less: Sales returns and allowances 42,000 Net sales 701,000 Cost of goods sold 428.000 Gross profit 273,000 Operating expenses (including income taxes) 182.000 Not income $ 91.000 2016 $603,000 32,000 571,000 353.000 218,000 152.000 $ 66.000 Additional Information 1. The market price of Bridgeport's common stock was $7.00, 57.50 and $6.50 for 2015, 2016, and 2017, respectively, 2. You must compute dividends paid. All dividends were paid in cash (a) Compute the following ratios for 2016 and 2017. (Round carings per share and asset tumover to decimal place, g 1.83 and all other answers to 2016. and 2017, respectively 2. You must compute dividends paid. All dividends were paid in cash (a) Compute the following ratios for 2016 and 2017. (Round earnings per share and asset turnover to 2 decimal places, og 1. and all other answers to 1 decimal place, .g. 1.8m 2017 2010 Droht mag Gross profit rate Asset turnover times times Earnings per share 5 Price-camnings ratio times times Payout ratio Debt to assets ratio Click if you would like to show Work for this questionin Show Work