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The financial statements of Wildhorse Company appear below: WILDHORSECOMPANY Comparative Balance Sheet December 31 2021 2020 Assets $51,000 $62,000 Cash 42.000 82.000 Debt investments 72,000

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The financial statements of Wildhorse Company appear below: WILDHORSECOMPANY Comparative Balance Sheet December 31 2021 2020 Assets $51,000 $62,000 Cash 42.000 82.000 Debt investments 72,000 52,000 Accounts receivable (net) 162,000 192,000 Inventory 218,050 222,000 Property, plant and equipment (net) $545,050 $610,000 Total assets Liabilities and stockholders' equity $47.000 $52,000 Accounts payable Short-term notes payable 62,000 112,000 Bonds payable 97,000 182,000 Common stock 182,000 167,000 Retained earnings 157.050 97,000 Total liabilities and stockholders' equity $545,050 $610,000 WILDHORSECOMPANY Income Statement For the Year Ended December 31, 2021 Net sales (all on credit) $492.000 WILDHORSECOMPANY Income Statement For the Year Ended December 31, 2021 Net sales (all on credit) $492,000 Cost of goods sold 206,000 Gross profit 286,000 Expenses Interest expense $33,000 Selling expenses 52,000 Administrative expenses 42,000 Total expenses 127.000 Income before income taxes 159,000 Income tax expense 43,950 Net Income $115,050 Additional information: a. Cash dividends of $55,000 were declared and paid on common stock in 2021 b. The weighted average number of shares of common stock outstanding during 2021 was 55,000. . The market price of common stock on December 31, 2021, was $16 per share. d. Net cash provided by operating activities for 2021 was $92,000, Using the financial statements and additional information, compute the following ratios for the Wildhorse Company for 2021. (Use 365 days for calculation. Round Inventory turnover answer to 2 decimal places, eg. 52.72. Other all answers to 1 decimal place, 68.527) Using the financial statements and additional information, compute the following ratios for the Wildhorse Company for 2021. (Use 365 days for calculation. Round Inventory turnover answer to 2 decimal places, eg. 52.72. Other all answers to 1 decimal place, s. 52.73 10 .1 1 Current ratio % 2 Return on common stockholders equity times 3 Price earnings ratio 4. Inventory turnover times 5 Accounts receivable turnover 6. times Times interest earned 7 Profit margin days 8. Days in Inventory % 9. Payout ratio % 10. Return on assets

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