The comparative statements of Painter Tool Company are presented below.

2016 PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 Net sales $1,819,900 Cost of goods sold 1,011,600 Gross profit 808,300 Selling and administrative expenses 517,000 Income from operations 291,300 Other expenses and losses Interest expense 18,700 Income before income taxes 272,600 Income tax expense 81,100 Net income $ 191,500 $1,747,700 993,000 754,700 480,400 274,300 13,300 261,000 76,000 $ 185,000 PAINTER TOOL COMPANY Balance Sheets December 31 2017 Assets 2016 Current assets Cash Short-term investments Accounts receivable (net) Inventory Total current assets Plant assets (net) $60,500 70,600 116,100 123,700 370,900 $63,300 50,300 101,700 116,000 331,300 524,300 596,600 $967,500 $855,600 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $160,800 43,800 204,600 200,400 405,000 $144,200 42,900 187,100 200,400 387,500 276,200 286,300 562,500 $967,500 297,700 170,400 468,100 $855,600 All sales were on account. Compute the following ratios for 2017. (Weighted average common shares in 2017 were 59,000.) (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 6) Debt to assets ratio %