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Selected year-end financial statements of Overton Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $17,400; total

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Selected year-end financial statements of Overton Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $17,400; total assets, $94,900; common stock, $35,500; and retained earnings, $18,800.) OVERTON CORPORATION Income Statement For Year Ended December 31, 2017 Sales $315,500 Cost of goods sold 236,100 Gross profit 79,400 Operating expenses 49,200 Interest expense 2.200 Income before taxes 28,000 Income taxes 4.200 Net income $ 23,800 OVERTON CORPORATION Balance Sheet December 31, 2017 Assets Cash $ 6,100 Short-term investments 6,900 Accounts receivable, net 12,100 Notes receivable (trade)* 3,000 Merchandise inventory 13,500 Prepaid expenses 2,000 Plant assets, net 73.900 Total assets $117,500 Liabilities and Equity $ 11,500 3,300 2,600 Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant assets Common stock, $5 par value Retained earnings Total liabilities and equity 30,000 35,000 35,100 $117,500 *These are short-term notes receivable arising from customer (trade) sales. Required Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to- equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. Round to one decimal place; for part 6, round to two decimals. Check Acid-test ratio, 1.6 to 1; Inventory turnover, 15.3

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