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The 2018 financial statements for Jam Supply, Inc., show total assets of $510,000, total liabilities of $285,000, net sales of $900,000, net income of $150,000,
The 2018 financial statements for Jam Supply, Inc., show total assets of $510,000, total liabilities of $285,000, net sales of $900,000, net income of $150,000, income from operations of $200,000, cost of goods sold of $800,000, dividends of $27,000, and interest expense of $22,000. Total assets and total liabilities for 2017 were $515,000 and $320,000, respectively. Read the requirements. 1. Compute the debt ratio for 2018. Select the formula needed to determine this amount and then enter the amounts to calculate the ratio. (Round your answer to the nearest hundredth percent, X.XX%) Debt ratio 2. Compute the interest coverage ratio for 2018. Select the formula needed to determine this amount and then enter the amounts to calculate the ratio. (Round your answer to two decimal places, X.XX.) Interest coverage ratio times 3. Compute the return on assets ratio for 2018. Select the formula needed to determine this amount and then enter the amounts to calculate the ratio. (Round your answer to the nearest hundredth percent, XXX%) Return on assets 4. Compute the dividend payout ratio for 2018. Select the formula needed to determine this amount and then enter the amounts to calculate the ratio. (Round your answer to the nearest hundredth percent, X.XX%) Dividend payout ratio 5. Compute the return on equity ratio for 2018. Select the formula needed to determine this amount and then enter the amounts to calculate the ratio. (Round your answer to the nearest hundredth percent, XXX%) Retun on equity
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