The comparative statements of Dillon Company are presented below. DILLON COMPANY Income Statement For Year Ended December 31 2009 2008 Net sales (all on account) $600,000 $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 18,000 14,000 Total expenses 561,600 488,800 Net income $ 38,400 $ 31,200DILLON COMPANY Balance Sheets December 31 Assets 2009 2008 Current assets Cash $ 21,000 $ 18,000 Short-term investments 18,000 15,000 Accounts receivable (net) 86,000 74,000 Inventory 90,000 70,000 Total current assets 215,000 177,000 Plant assets (net) 423,000 383,000 Total assets $638,000 $560,000Liabilities and Stockholders Equity 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 $560,000Additional data: The common stock recently sold at $19.50 per share. The year-end balance in the allowance for doubtful accounts was $3,000 for 2009 and $2,400 for 2008. Instructions Compute the following ratios for 2009. (a) Current. (h) Return on common stockholders equity. (b) Acid-test. (i) Earnings per share. (c) Receivables turnover. (j) Price-earnings. (d) Inventory turnover. (k) Payout. (e) Profit margin. (l) Debt to total assets. (f) Asset turnover. (m) Times interest earned. (g) Return on assets