W5 The condensed financial statements of Kalkbrenner Corporation for the years 2020- 2021 are presented below: KALKBRENNER CORPORATION Comparative Balance Sheets As of December 31, 2021 and 2020 Cash Receivables (net) Inventories Plant and equipment Accumulated depreciation Accounts payable Dividends payable Bonds payable Common stock ($10 par) Retained earnings Additional data: 2021 $420,000 2020 120,000 460,000 300,000 380,000 340,000 1,700,000 1,112,000 (260,000) $2,700,000 $ 240,000 -0- 400,000 (192,000) $1.680,000 $ 160,000 40,000 -0- 1,520,000 1,200,000 540,000 280.000 $2.700.000 $1,680,000 Market value of stock at 12/31/21 is $80 per share. Kalkbrenner Co. sold 32,000 shares of common stock at par on July 1, 2021. KALKBRENNER CORPORATION Condensed Income Statement For the Year Ended December 31, 2021 Sales Cost of goods sold, Gross profit Net income Administrative and selling expense $2,400,000 1.600.000 800,000 500.000 $ 300.000 Instructions Compute the following financial ratios by placing the proper amounts in the parentheses provided for numerators and denominators. a. Current ratio at 12/31/21 b. Acid test ratio at 12/31/21 C. Receivables turnover in 2021 d. Inventory turnover in 2021 e. Profit margin on sales in 2021 f. Earnings per share in 2021 g. Rate of return on common stock equity in 2021 h. Price earnings ratio at 12/31/21 Debt to total assets at 12/31/21 J. Book value per share at 12/31/21