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The financial statements of Marin Company appear below: MARIN COMPANY Comparative Balance Sheet December 31, Assets 2020 2019 Cash $25,000 $43,500 Short-term investments 21,500 69,500

The financial statements of Marin Company appear below:

MARIN COMPANY Comparative Balance Sheet December 31,

Assets

2020

2019

Cash

$25,000 $43,500

Short-term investments

21,500 69,500

Accounts receivable (net)

41,600 30,600

Inventory

62,000 71,900

Property, plant and equipment (net)

265,000 310,000

Total assets

$415,100 $525,500

Liabilities and stockholders' equity

Accounts payable

$18,700 $30,100

Short-term notes payable

42,500 93,500

Bonds payable

80,000 160,000

Common stock

150,000 150,000

Retained earnings

123,900 91,900

Total liabilities and stockholders' equity

$415,100 $525,500

MARIN COMPANY Income Statement For the Year Ended December 31, 2020

Net sales

$410,000

Cost of goods sold

266,500

Gross profit

143,500

Expenses

Operating expenses

$45,000

Interest expense

18,500

Total expenses

63,500

Income before income taxes

80,000

Income tax expense

24,000

Net income

$56,000

Additional information:

a. Cash dividends of $24,000 were declared and paid in 2020.
b. Weighted-average number of shares of common stock outstanding during 2020 was 28,000 shares.
c. Market value of common stock on December 31, 2020, was $23 per share.

Using the financial statements and additional information, compute the following ratios for Marin Company for 2020. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 52.7.)

1.

Current ratio

enter ratio rounded to 1 decimal place :1

2.

Return on common stockholders' equity

enter percentages rounded to 1 decimal place %

3.

Price-earnings ratio

enter a number of times rounded to 1 decimal place times

4.

Accounts receivable turnover

enter a number of times rounded to 1 decimal place times

5.

Times interest earned

enter a number of times rounded to 1 decimal place times

6.

Profit margin

enter percentages rounded to 1 decimal place %

7.

Days in inventory

enter a number of days rounded to 1 decimal place days

8.

Payout ratio

enter percentages rounded to 1 decimal place %

9.

Return on assets

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