The financial statements of Euchre Company appear below:

EUCHRE COMPANY

Comparative Balance Sheet

December 31,

Assets

20212020

Cash $25,000 $40,000

Marketable securities 20,000 60,000

Accounts receivable (net) 50,000 30,000

Inventory 160,000 170,000

Property, plant and equipment (net) 170,000 200,000

Total assets $425,000 $500,000

Liabilities and stockholders' equity

Accounts payable $45,000 $30,000

Short-term notes payable 40,000 90,000

Bonds payable 75,000 160,00

Common stock 175,000 145,000

Retained earnings 90,000 75,000

Total liabilities and stockholders' equity $425,000 $500,000

EUCHRE COMPANY

Income Statement

For the Year Ended December 31, 2021

Net sales $380,000

Cost of goods sold 200,000

Gross profit 180,000

Expenses

Interest expense $25,000

Selling expenses 30,000

Administrative expenses 20,000

Total expenses 75,000

Income before income taxes 105,000

Income tax expense 35,000

Net income $70,000

Additional information:

a.Cash dividends of $17,500 were declared and paid in 2021.

b.Weighted-average number of shares of common stock outstanding during 2021 was 35,000 shares.

c.Market value of common stock on December 31, 2021, was $25 per share.

d.Net cash provided by operating activities for 2021 was $65,000.

Instructions

Using the financial statements and additional information, compute the following ratios for the Euchre Company for 2021.Show all computations.

1.Current ratio _________.

2.Return on common stockholders' equity _________.

3.Price-earnings ratio _________.

4.Inventory turnover ratio _________.

5.Receivables turnover _________.

6.Times interest earned _________.

7.Profit margin ratio _________.

8.Asset turnover ratio _________.

9.Dividend yield _________.

10.Return on assets _________.