The financial statements of Ahmed Company appear below: Ahmed Company Comparative Balance Sheet December 31, Assets Cash. Short-term investments. Accounts receivable (net) Inventory Property, plant and equipment (net). Total assets 2019 2018 $ 250,000 $ 400,000 150,000 600,000 500,000 300,000 500,000 700,000 2,600,000 3,000,000 $4.000.000 $5.000.000 Liabilities and stockholders' equity Accounts payable Short-term notes payable. Bonds payable Common stock. Retained earnings Total liabilities and stockholders' equity $ 200,000 $ 300,000 300,000 900,000 900,000 1,600,000 1,500,000 1,500,000 1,100,000 700,000 $4,000,000 $5,000,000 Ahmed Company Income Statement For the Year Ended December 31, 2013 $4,000,000 2,400,000 1,600,000 Net sales Cost of goods sold Gross profit. Expenses Operating expenses Interest expense Total expenses Income before income taxes. Income tax expense Net income...... $420,000 180.000 600.000 1,000,000 300,000 S 700.000 Additional information: a. Cash dividends of $230,000 were declared and paid in 2019. b. Weighted-average number of shares of common stock outstanding during 2019 was 300,000 shares. c. Market value of common stock on December 31, 2019, was $210 per share. Instructions Using the financial statements and additional information, compute the following ratios for Salem Company for 2019. Show all computations. 1. Current ratio: 2.Return on common stockholders' equity: 3.Price-earnings ratio; 4.Acid-test ratio: 5. Receivables turnover; 6. Times interest earned: 7.Profit margin; 8. Days in inventory 9.Payout ratio: 10. Return on assets