The comparative statements of Painter Tool Company are presented below.

PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016

Net sales $1,816,900 $1,754,300

Cost of goods sold 1,012,500 990,000

Gross profit 804,400 764,300

Selling and administrative expenses 517,400 478,800

Income from operations 287,000 285,500

Other expenses and losses Interest expense 17,500 13,000

Income before income taxes 269,500 272,500

Income tax expense 81,400 77,800

Net income $ 188,100 $ 194,700

PAINTER TOOL COMPANY Balance Sheets December 31 Assets 2017 2016

Current assets Cash $59,700 $65,000

Short-term investments 68,400 50,600

Accounts receivable (net) 116,200 101,300

Inventory 123,700 115,500

Total current assets 368,000 332,400

Plant assets (net) 595,100 522,700

Total assets $963,100 $855,100

Liabilities and Stockholders Equity Current liabilities Accounts payable $159,000 $144,400

Income taxes payable 43,200 41,500

Total current liabilities 202,200 185,900

Bonds payable 195,300 195,300

Total liabilities 397,500 381,200

Stockholders equity Common stock ($5 par) 284,600 304,300

Retained earnings 281,000 169,600

Total stockholders equity 565,600 473,900

Total liabilities and stockholders equity $963,100 $855,100

All sales were on account.

Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 58,700.) (Round Earnings per share, Current ratio and Acid-test ratio to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)

(a) Earnings per share $

(b) Return on common stockholders equity %

(c) Return on assets %

(d) Current ratio :1

(e) Acid-test ratio :1

(f) Accounts receivable turnover times

(g) Inventory turnover times

(h) Times interest earned times

(i) Asset turnover times

(j) Debt to assets ratio %