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 | % | Click if you would like to Show Work for this question: | Open Show Work | | | | |