The comparative statements of Corbin Company are presented below. CORBIN COMPANY Income Statement For the Years Ended December 31 Net sales (all on account) Expenses $599,900$520,200 Cost of goods sold Selling and administrative Interest expense Income tax expense 415,500 120,800 7,900 17,100 561,300 $ 38,600 354,800 113,000 6,700 14,900 489,400 $30,800 Total expenses Net income CORBIN COMPANY Balance Sheets 2016 Current assets Cash Short-term investments Accounts receivable (net) Inventory 17,400 85.500 89.500 212,400 422,600 5635,000 s 20,000 17,900 15,100 74,900 70,300 178,200 383,500 561.700 Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable $122.800 110.200 2330019.900 146.100130100 Tetal current habilities Long-term liabilities Bonds payable 79,300 209,400 Total liabilities 266,800 Stockholders equity Common stock ($5 par) Retained earnings 145,000 223.200 368 200 145,000 Total stockholders' equity 352,300 Total liabilities and stockholders equity 5635.000 5561.700 Additional data: The common stock recently sold at $19.70 per share Compute the following ratios for 2017. (Round Acid-test ratio and Earnings per share to 2 decimal place place, e,g, 6.8 or 6.8%.) (a) Current ratio. (b) Acid-test ratio. (c) Accounts receivable turnover (d) Inventory turnover (e) Profit margin. () Asset turnover (o) Return on assets (h) Return on common stockholders' equity (i) Earnings per share. 0) Price earnings ratio. (k) Payout ratio. (1) Debt to assets ratio. (m) Times interest e times