The financial statements of Euchre Company appear below: EUCHRE COMPANY Comparative Balance Sheet December 31, Assets Cash Marketable securities Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable Common stock 75,000 175,000 2021 2020 25.000 $40,000 20,000 60,000 50,000 30,000 160,000 170,000 170.000 200,000 $425,000 $500.000 $ 45.000 40,000 $ 30,000 90,000 160,000 145,000 Retained earnings 90,000 75.000 Total liabilities and stockholders' equity $425.000 $500.000 Net sales Cost of goods sold Gross profit. EUCHRE COMPANY Income Statement For the Year Ended December 31, 2021 Expenses Interest expense Selling expenses Administrative expenses Total expenses Income before income taxes. Income tax expense Net income Additional information $380,000 200.000 180,000 $25,000 30,000 20.000 75,000 105,000 35,000 $70.000 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. I 100% X Font Paragraph 1. Current ratio 1.3 (25,000+20000+50000+160000)/45000+40000 2 Return on common stockholders' equity 26.42% (70000/175000+90000) 100 3. Price-earnings ratio 12.5 times 70000/35000 =2 25/2 4. Inventory turnover ratio 200000160000+170000) /2 200000/165000 5. Receivables turnover. 6. Times interest earned Styles Editing I 1.21 times X Font 7. Paragraph Profit margin ratio 8. Asset turnover ratio 9. Dividend yield. 10. Return on assets I Styles