WINDON COMPANT Comparative Balance Sheet December 31, Assets 2020 2019 Cash $29,000 $45,000 Short-term investments 30,000 63,000 Accounts receivable (net) 40,300 31,800 Inventory 60,900 70,700 Property, plant and equipment (net) 260,000 310,000 Total assets $420,200 $520,500 Liabilities and stockholders' equity Accounts payable $22.300 $31.600 Short-term notes payable 41.000 93,000 Bonds payable 85.000 170.000 Common stock 150.000 150.000 121.900 75.900 Retained earnings Total liabilities and stockholders' equity $420.200 $520.500 Question 9 of 10 WINDSOR COMPANY Income Statement For the Year Ended December 31, 2020 Net sales Cost of goods sold Gross profit $420,000 260,400 159,600 Expenses Operating expenses $41,000 Interest expense 18.600 Total expenses Income before income taxes Income tax expense 59,600 100,000 30,000 Net income Additional information: $70,000 Additional information: 2. 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 Windsor Company for 2020. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 52.7.)