Question 3 The financial statements of Bridgeport Company appear below: BRIDGEPORT COMPANY Comparative Balance Sheet December 31 2022 2021 Assets Cash Debt investments Accounts receivable (net) Inventory Property, plant and equipment (net) $ 26,100 22,900 46,600 144,000 172,000 $ 33,400 61,400 31,000 171,000 167,000 $463,800 Total assets $411,600 Liabilities and stockholders' equity Accounts payable $ 23,500 Short-term notes payable 42,500 Bonds payable 69,500 Common stock 173,100 Retained earnings 103,000 Total liabilities and stockholders' equity $411,600 $ 23,300 88,000 164,600 113,300 74,600 $463,800 BRIDGEPORT COMPANY Income Statement For the Year Ended December 31, 2022 Net sales (all on credit) $496,000 Cost of goods sold 182,000 Gross profit 314,000 Expenses Interest expense $11,600 Selling expenses 35,000 Administrative expenses 22,000 Total expenses 68,600 Income before income 245,400 taxes Income tax expense 33,800 Net income $ 211,600 Additional information: a. Cash dividends of $49,300 were declared and paid on common stock in 2022. b. Weighted-average number of shares of common stock outstanding during 2022 was 49,300 shares. c. Market price of common stock on December 31, 2022, was $12 per share. d. Net cash provided by operating activities for 2022 was $76,600. Using the financial statements and additional information, compute the following ratios for the Bridgeport Company for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.) 1. Current ratio 3.63 : 1 2. Return on common stockholders' equity % 3. Price-earnings ratio times 4. Inventory turnover times 5. Accounts receivable turnover times 6. Times interest earned times 7. Profit margin % 8. Average days in inventory days 9. Payout ratio % 10. Return on assets % Click if you would like to Show Work for this question: Open Show Work