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The financial statements of Ayayai Company appear below: AYAYAI COMPANY Comparative Balance Sheet December 31 2022 2021 Assets Cash $ 26,000 $ 40,200 Debt investments

The financial statements of Ayayai Company appear below:
AYAYAI COMPANY Comparative Balance Sheet December 31
2022 2021
Assets

Cash

$ 26,000 $ 40,200

Debt investments

17,400 66,700

Accounts receivable (net)

42,700 29,500

Inventory

155,000 178,000

Property, plant and equipment (net)

171,000 153,000

Total assets

$412,100 $467,400
Liabilities and stockholders' equity

Accounts payable

$ 24,800 $ 29,800

Short-term notes payable

33,800 88,200

Bonds payable

72,900 156,300

Common stock

173,600 112,300

Retained earnings

107,000 80,800

Total liabilities and stockholders' equity

$412,100 $467,400
AYAYAI COMPANY Income Statement For the Year Ended December 31, 2022

Net sales (all on credit)

$341,000

Cost of goods sold

177,000

Gross profit

164,000

Expenses

Interest expense

$10,300

Selling expenses

31,000

Administrative expenses

19,000

Total expenses

60,300

Income before income taxes

103,700

Income tax expense

32,900

Net income

$ 70,800
Additional information:
a. Cash dividends of $47,200 were declared and paid on common stock in 2022.
b. Weighted-average number of shares of common stock outstanding during 2022 was 47,200 shares.
c. Market price of common stock on December 31, 2022, was $16 per share.
d. Net cash provided by operating activities for 2022 was $80,000.
Using the financial statements and additional information, compute the following ratios for the Ayayai Company for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)
1. Current ratio Enter current ratio value

: 1
2. Return on common stockholders' equity Enter return on common stockholders' equity in percentages

%
3. Price-earnings ratio Enter price-earnings ratio in times

times
4. Inventory turnover Enter inventory turnover in times

times
5. Accounts receivable turnover Enter accounts receivable turnover in times

times
6. Times interest earned Enter times interest earned

times
7. Profit margin Enter profit margin in percentages

%
8. Average days in inventory Enter average days in inventory

days
9. Payout ratio Enter payout ratio in percentages

%
10. Return on assets Enter return on assets in percentages

%

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