Question 4: (5 marks) The financial information of Grogan Company appears below Accounts payable Short-term notes payable Bonds payable Common stock Short-term inv Cash . $30,000 90,000 160,000 150,000 60,000 40,000 70,000 $20,000 30,000 90,000 150,000 15,000 25,000 50,000 110,000 400,000 52,000 260,000 Retained earnings Net sales Operating Property, plant and equipment (net) Interest expense Income tax Cost of goods sold Accounts receivable (net) 18,000 27,000 240,000 50,000 30,000 Cash dividends of $23,000 were declared and paid in 2011. b. c. a. Weighted-average number of shares of common stock outstanding during 2011 was 30,000 shares. Market value of common stock on December 31,2011, was $21 per share. Instructions: Using the financial information and additional information, compute the following ratios for Grogan Company for 2011. Show all computations. 1. Current ratio 2. Return on common stockholders' equity 3. Price-earnings ratio 4. Payout ratio 5. Return on sales nd of Questions