Use the following financial data for Brenner Instruments to answer Short Exercises 13-1 through 13-10 2019 (Thousands of Dollars, except Earnings per Share) $210.000 Sales revenue... Cost of goods sold Net income Dividends Earnings per sharo 8.300 2,600 Dec 31, 2010 Dec 31, 2018 $ 18,300 46,000 39,500 103.800 52.600 15.600 $172.000 S 18.000 41.000 43,700 102.700 50 500 13.000 $167.000 BRENNER INSTRUMENTS, INC. Balance Sheets (Thousands of Dollars) Assets Cash. Accounts receivable (not). Inventory Total current assets Plant assets (net) Other assets Total assets Liabilities and Stockholders' Equity Notos payable banks Accounts payable Accrued liabilities Total current liabilities 9% bonds payable Total liabilities Common stock. $25 par value (2,000,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $6.000 22 500 16,500 45.000 40,000 85,000 50.000 37 000 87.000 $172,000 $ 6,000 18.700 21.000 45,700 40.000 85.700 50.000 31.300 81 300 $167.000 Industry Average Ratios for Competitors 1.3 2.4 5.9 times 3.5 times 0.73 Quick ratio Current ratio Accounts receivable turnover Inventory turnover Debt-to-equity ratio Gross profit percentage Return on sales Return on assets 428 percent 45 percent 7.6 percent SE13-1. Quick Ratio Calculate the company's quick ratio for 2019 and compare the result to the industry average SE13-2. Current Ratio Calculate the company's current ratio for 2019 and compare the result to the indus- try average SE13-3. Accounts Receivable Turnover Calculate the company's accounts receivable turnover for 2019 and compare the result to the industry average. SE13-4. Inventory Turnover Calculate the company's inventory tumover for 2019 and compare the result to the industry average. SE13-5. Debit-to-Equity Ratio Calculate the company's 2019 debt-to-equity ratio and compare the results the industry average to the industry average. LO4 pretation of Financial Statements SE 13-6. Gross Profit Percentage Calculate the company's 2019 gross profit percentage and compare the SE13-7. Return on Sales Calculate the company's return on sales for 2019 and compare the result to the L04 SE13-10. Earnings per Share If the company's most recent price per share of common stock is $62.25, what L04 industry average. Return on Assets Calculate the company's return on assets for 2019 and compare the result to the L04 industry average. Dividends per Share Calculate the company's dividend paid per share of common stock. What was L04 the dividend payout ratio? SE13-8. SE13-9. is the company's price-earnings ratio and dividend yield? Darcietent Earnina TA