The comparitive statements of Painter Tool Company are presented below.

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 Interest expense Income before income taxes Income tax expense Net income $1,811,500 1,008,900 802,600 518,600 284,000 $1,752,200 982,000 770,200 472,800 297,400 17,800 266,200 81,200 $ 185,000 13,800 283,600 76,400 $ 207,200 2016 dy PAINTER TOOL COMPANY Balance Sheets December 31 Assets 2017 Current assets Cash $59,700 Short-term investments 70,500 Accounts receivable (net) 117,200 Inventory 123,900 Total current assets 371,300 Plant assets (net) 600,800 Total assets $972,100 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,300 Income taxes payable 43,500 Total current liabilities 202,800 Bonds payable 203.400 $64,400 50,000 102,200 115,000 331,600 521,900 5853,500 $144,200 41,000 185,200 203.400 Mac 202,800 203,400 406,200 185,200 203,400 388,600 Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 282,800 283,100 565,900 $972,100 298,600 166,300 464,900 $853,500 All sales were on account. Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 55,100.) 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 (1) Accounts receivable turnover times (9) Inventory turnover times (h) Times interest earned times (i) Asset turnover times 0) Debt to assets ratio 9