The comparative statements of Painter Tool Company are presented below.

Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 56,000.) (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%.)

PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,815,100 1,011,300 803,800 517,400 286,400 $1,745,300 995,000 750,300 479,000 271,300 Interest expense Income before income taxes Income tax expense Net income 18,800 267,600 81,000 $186,600 13,500 257,800 77,100 $ 180,700