Show the solution in good accounting form

E1063: [Indicators of Profitability/Growth) Selected data for LETrUCE Company follow: Preference share, par value P50, 10% .............................. Ordinary share, par value P20 .......................................... Share premium - ordinary share ...................................... Retained earnings ................... Net income ............................. Dividends on preference share ........................................ Dividends on ordinary share ............................................ Market price per share, Dec 31 ........................................ Year 2 Year 1 P100,000 P100,000 400,000 400,000 100,000 100,000 140,000 120,000 80,000 60,000 10,000 10,000 50,000 40,000 28.00 21.00 Instruction: Determine the following (show your solution in good accounting form) A. Price-earnings ratio B. Dividend yield ratio C. Payout ratio D. Return of Equity P10-5C: [Financial Ratios) Financial statements for BrrTEIiGOU RD Company appear below: BITTERGOURD Campany Income Statement For the Year Ended December 31, 2014 (in thousands of pesos) Sales (all on account) ........................................................ P 2,000 Cost of goods sold ............................................................. (1,400) Gross margin ..................................................................... P 600 Operating expenses .......................................................... (240) Net operating income ....................................................... P 360 Interest expense ............................................................... (50) Net income before taxes .................................................. W Income taxes (30%} .......................................................... [93) Net income ....................................................................... P 217 BITIERGOURD Company Statement of Financial Position December 31, 2014 and 2013 (in thousands of pesos} Assets 2014 2013 Current assets: Cash and Cash equivalents .......................................... P 140 P 130 Accounts receivable, net ............................................. 120 110 Inventory ..................................................................... 100 110 Prepaid expenses ........................................................ 50 40 Total current assets ........................................................ P 410 P 390 Noncurrent assets: Plant 8: equipment, net .................................................. 1,840 1,830 Total assets ..................................................................... P2250 P2220 Liabilities and Shareholders' Equity Current liabilities: Accounts payable ........................................................ P 100 P 100 Accrued liabilities ........................................................ 80 80 Notes payable, short term .......................................... 210 230 Total current liabilities .................................................... P 390 P 410 Noncurrent liabilities: Bonds payable ............................................................. 460 500 Total liabilities ................................................................ .2350. 9.10 Shareholders' equity: Preference share capital,P5 par, 5% ........................... P 100 P 100 Ordinary share capital, P10 par .................................. 200 200 Share premium - ordinary ........................................... 260 260 Accumulated prots .................................................... 840 750 Total shareholders' equity .............................................. P1,400 P1310 Total liabilities & shareholders' equity ........................... P2, 3 P2229 Dividends during 2014 totaled P121000, of which P5,000 were preference dividends. The market price of an ordinary share on December 31, 2014 was P140. Instruction: Compute the following for 2014: (show your solution in good accounting form) 1. Earnings per share of common stock ordinary share 2. Price-earnings ratio 3. Average collection period 4.Inventory turnover 5. Return on shareholders' equity 6. Average sales period 7. Working capital ratio