The financial statements of Elcamino Company appear below: ELCAMINO COMPANY Comparative Balance Sheet December 31, _________________________________________________________________________ Assets 2017 2016 Cash ............................................................................................. $ 25,000 $ 40,000 Debt investments .......................................................................... 20,000 60,000 Accounts receivable (net) .............................................................. 50,000 30,000 Inventory ....................................................................................... 140,000 170,000 Property, plant and equipment (net) .............................................. 170,000 200,000 Total assets ............................................................................. $405,000 $500,000 Liabilities and stockholders' equity Accounts payable .......................................................................... $ 25,000 $ 30,000 Short-term notes payable .............................................................. 40,000 90,000 Bonds payable .............................................................................. 75,000 160,000 Common stock .............................................................................. 160,000 145,000 Retained earnings ......................................................................... 105,000 75,000 Total liabilities and stockholders' equity.................................... $405,000 $500,000 ELCAMINO COMPANY Income Statement For the Year Ended December 31, 2017 Net sales (all on credit) ................................................................. $360,000 Cost of goods sold ........................................................................ 184,000 Gross profit ................................................................................... 176,000 Expenses Interest expense ...................................................................... $11,000 Selling expenses ..................................................................... 30,000 Administrative expenses .......................................................... 20,000 Total expenses .................................................................. 61,000 Income before income taxes ......................................................... 115,000 Income tax expense ...................................................................... 35,000 Net income .................................................................................... $ 80,000 Additional information: Cash dividends of $50,000 were declared and paid on common stock in 2017. Weighted-average number of shares of common stock outstanding during 2017 was 50,000 shares. Market price of common stock on December 31, 2017, was $16 per share. Net cash provided by operating activities for 2017 was $70,000. 9.) What is the Current Ratio for 2017? a.) 3.6 b.) 3.9 c.) 1.8 d.) None of the above 10.) What is the Return on Assets ratio for 2017? a.) 0.214 b.) 0.320 c.) 0.177 d.) 0.190 11.) What is the Return on common stockholders' equity for 2017? a.) $604,750 b.) $599,760 c.) $594,770 d.) None of the above 12.) What is the Profit margin for 2017? a.) 0.30 b.) 0.36 c.) 0.16 d.) 0.33