The comparative statements of Corbin Company are presented below. Income statement For the Years Ended December 31 2015 2014 Net sales (all on amount) $595,000 $520,000 Expenses Cost of goods sold 415,000 354,000 Selling and administrative 120,800 114,800 Interest expense 7,800 6,000 Income tax expense 15,000 14,000 Total expense 558,600 488,800 Net income $ 36,400 $ 31,200 Assets 2015 2014 Current assets Cash $21,000 $18,000 Short-term investments 18,000 15,000 Accounts receivable (net) 91,000 74,000 Inventory 85,000 70,000 Total current assets 215,000 177,000 Plant assets (net) 423,000 383,000 Total assets $638,000 $560,000 Liabilities and Stockholders' Equity 2015 2014 Current liabilities Accounts payable $122,000 $110,000 Income taxes payable 23,000 20,000 Total current liabilities 145,000 130,000 Long-term liabilities Bonds payable 120,000 80,000 Total liabilities 265,000 210,000 Stockholders' equity Common stock ($5 par) 150,000 150,000 Retained earnings 223,000 200,000 Total stockholders' equity 373,000 350,000 Total liabilities and stockholders' equity $638,000 $560,000 Additional data: The common stock recently sold recently sold at $19.50 per share. Compute the following ratios for 2015. a. Current ratio h. Return on common stockholders' equity b. Acid-test ratio I. Earning per share c. Accounts receivable turnover j. Price-earning ratio d. Inventory turnover k. Payout e. Profit margin l. Debt to assets ratio f. Asset turnover m. Times interest earned g. Return on assets