WWC provided the following financial statements below. WWC Corporation's stock is selling for $15 per share. Use these statements to prepare the following profitability ratios for the year ending December 31, 2018. Use the Financial Ratios document to complete this assignment.

Ratio	Your Solution (show your calculations)
Gross Profit Margin Percentage
Operating Profit Margin (Return on Sales)
Net Profit Margin (Net Return on Sales)
Return on Assets (after taxes)
Return on Equity (after taxes)
Earnings Per Share
Dividend Yield
Price Earnings Ratio

WWC Corporation Income Statement For the year ending December 31, 2018 Revenues Cost of goods sold Gross profit Operating expenses $1,570,000 880,000 $690,000 Wages Marketing & Sales Interest Depreciation Other operating expenses $240,000 100,000 50,000 40,000 70,000 Income before income taxes Less: Income taxes Net income 500,000 $190,000 30,000 $160,000 WWC Corporation Statement of Retained Earnings For the year ending December 31, 2018 $440,000 60,000 600,000 50,000 $550,000 Beginning retained earnings, January 1 Plus: Net income Less: Dividends Ending retained earnings, December 31 2017 Assets Current assets 2018 Cash Accounts receivable Inventories $520,000 275,000 100,000 $895,000 $400,000 300,000 80,000 $780,000 Total current assets Property, plant, & equipment Land Building Equipment S300,000 400,000 700,000 $1,460,000$1,400,000 325,000 $1,095,000S1,075,000 $1,990,000S1,855,000 S300,000 400,000 760,000 Less: Accumulated depreciation 365,000 Total property, plant, & equipment Total assets Liabilities Current liabilities $160,000 30,000 $190,000 $180,000 25,000 $205,000 Accounts pavable Interest pavable Total current liabilities Long-term liabilities Long-term note payable Total liabilities 600,000 $790,000 560,000 $765,000 Stockholder's equI Common stock (S1.00 par) Paid-in capital in excess of par Retained earnings $50,000 600,000 440,000 $1,200,000$1,090,000 $50,000 600,000 550,000 Total stockholder's equity Total liabilities and equity $1,990,000$1,855,000