The accounting records of Kin Corporation showed the following balances at the end of 2016:

Marks-05(0.5 each ratio)

	2016
Cash A/c receivable Inventory Short-term investment Land Equipment Less: Accumulated depreciation Total assets A/c payable Accrued liabilities Bonds payable 8% Capital stock($5) Retained earnings Total equities Sales Cost of goods sold Gross profit Expenses(including $22,400 interest expense) Income tax Net income	$ 25,000 90,000 140,000 5,000 100,000 640,000 (200,000) 800,000 46,000 29,000 280,000 110,000 335,000 800,000 1,600,000 1,120,000 480,000 352,000 48,000 80,000

Cash dividend of $40,000 was paid. All sales were made on credit at a relatively uniform rate during the year. Inventory and receivables did not fluctuate materially. The market price of the companys stock on December 31, 2016 was $86 per share.

Instruction:

Compute the following ratio of 2016:( assume 360 days in a year)

(i) Quick ratio

(ii) Equity ratio

(iii) Earnings per share

(iv) Gross profit ratio

(v) Inventory turnover in days

(vi) Receivable turnover in days

(vii) Return on equity

(viii) Return on Assets

(ix) Gross Profit margin

(x) Net profit margin