The comparative statement of Corbin Company are presented below.

Corbin Co.

Income Statement

For the Years Ended December 31st

2017 2016

Net Sales (all on account) $599,900 $520,200

Expenses

Cost of Good Sold 414,300 352,600

Selling and administrative 119,300 114,500

Interest Expense 9,000 6,000

Income Tax Expense 17,400 14,000

Total Expenses 560,000 488,100

Net Income $39,900 $32,100

Corbin Company

Balance Sheet

December 31

Assests 2017 2016

Current Assests

Cash $20,400 $18,500

Short-term Investments 17,600 14,800

Accounts Receivable (net) 86,200 74,000

Inventory 90,700 70,100

Total Current Assests 214,900 177,400

Plant Assests (net) 423,200 383,800

Total Assets 638,100 561,200

Liabilities and Stockholders Equity

Current Liabilities

Accounts Payable 122,800 110,200

Income Taxes Payble 23,300 19,700

Total Current Liabilities 146,100 129,900

Long Term Liabilities

Bonds Payable 120,800 79,700

Total Liabilities 266,900 209,600

Stockholders' Equity

Common Stock ($5 par) 148,000 148,000

Retained Earnings 223,200 203,600

Total Stockholderds Equity 371,200 351,600

Total Liabilities and Stockholders' Equity $638,100 $561,200

Additional Data: The common stock recently sold at $20.29 per share. Compute the following ratios for 2017. (Round acid test ratio and earnings per share to 2 decimal places and all other answers to 1 decimal place.)

A. Current Ratio

B. Acid Test Ratio

C. Accounts Receivable Turnover

D. Inventory Turnover

E. Profit Margin

F. Asset Turnover

G. Return on Assets

H. Return on common stockholders' equity

I. Earnings per share

J. Price-earnings ratio

K. Payout Ratio

L. Debt to asset ratio

M. Times interest earned