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The financial statements of Marigold Company appear below: MARIGOLD COMPANY Comparative Balance Sheet December 31 2022 2021 Assets Cash $ 27,000 $ 39,400 Debt investments

The financial statements of Marigold Company appear below:

MARIGOLD COMPANY Comparative Balance Sheet December 31
2022 2021
Assets

Cash

$ 27,000 $ 39,400

Debt investments

21,300 53,000

Accounts receivable (net)

51,600 27,900

Inventory

154,000 169,000

Property, plant and equipment (net)

177,000 163,000

Total assets

$430,900 $452,300
Liabilities and stockholders' equity

Accounts payable

$ 26,400 $ 27,200

Short-term notes payable

32,900 92,900

Bonds payable

67,700 146,800

Common stock

195,900 101,200

Retained earnings

108,000 84,200

Total liabilities and stockholders' equity

$430,900 $452,300

MARIGOLD COMPANY Income Statement For the Year Ended December 31, 2022

Net sales (all on credit)

$415,000

Cost of goods sold

165,000

Gross profit

250,000

Expenses

Interest expense

$11,600

Selling expenses

34,000

Administrative expenses

19,000

Total expenses

64,600

Income before income taxes

185,400

Income tax expense

33,100

Net income

$ 152,300

Additional information:

a. Cash dividends of $53,600 were declared and paid on common stock in 2022.
b. Weighted-average number of shares of common stock outstanding during 2022 was 53,600 shares.
c. Market price of common stock on December 31, 2022, was $14 per share.
d. Net cash provided by operating activities for 2022 was $71,700.

Using the financial statements and additional information, compute the following ratios for the Marigold 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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