Test 3 Fall 20 UL-Hannan Design Layout References Mailings View Review Help 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 2021 $ 25,000 20,000 50,000 160,000 170.000 $425,000 2020 $ 40,000 60,000 30,000 170,000 200.000 $500.000 Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 45,000 40,000 75,000 175,000 90.000 $425.000 $ 30,000 90,000 160,000 145,000 75 000 $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 5.70.000 Additional information Cash dividends of $17,500 were declared and paid in 2021 be Weighted average number of shares of common stock outstanding during 2021 was 35.000 shares 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 Matements and additional information, compute the following ratios for the Euche Company for 2021. Show all computations C Draw Design Layout References Mailings Review View Help 1. Current ratio_13 (25000+20000+50000+160000)/(45000+40000) 2. Return on common stockholders' equity_26.42% (70,000 / (175000-90000))*100= 26.42% 3. Price-earnings ratio 12.5 times 70,000/25000-2 /share 25/2= 12.5 times 4 Inventory turnover ratio _1.21 times 200000/((160000-170000721E1.21 times 5. Receivables turnover Net credit sales/axe accounts receivable. Times Interest earned Earningo before interest and taxes/sltal int payable on bonds and other debt 7 Profit margin ratio (Net Income net sales) 100 Asset turnover ratio Dividend yield HO Return on annet