Zarareez Company Comparative Statements of Comprehensive Income for years ended 31 December 201'? 2016 (RM) (RM) Net Sales (all on account) 600,000 520,000 Expenses Cost ofgoods sold 415,000 354,000 Selling and administrative 120,800 114,800 Interest expense 2,800 6,000 Income tax expense 18,000 14,000 Total expenses 561,600 488,800 Net Income 38,400 31,200 Zarareez Company Comparative Statements of Financial Position as at 31 December 201'? 2016 (RM) (RM) Assets Current Assets Cash 21,000 18,000 Short-term investments 18,000 15,000 Accounts receivable (net) 86,000 24,000 Inventory 90,000 70,000 Total current assets 215,000 127,000 Plant assets (net) 423,000 383,000 Total assets 638,000 560,000 Liabilities and Stockholders' Equity Current Liabilities Accounts payable 122,000 110,000 Income taxes payable 23,000 20,000 Total current liabilities 145,000 130,000 Longterm liabilities Bonds payable 120,000 80,000 Total liabilities 265,000 210,000 Stockbolders' equity Common stock (RMS par) 150,000 150,000 Retained earnings 223,000 200,000 Total stockholders' equity 323,000 350,000 Total liabilities and stockholders' equity 638,000 560,000 kdditinnal data: [be common stock recently sold at RM19.50 per share. ['he year-end balance in the allowance for doubtll accounts was RM3,000 for 2017 md RM2,400 for 2016. instructions Zompute the following ratios for 2017. (h) Return on common stockholders= a) Current equity b) Acid-test (i) Earnings per share c) Receivables turnover U) Price-earnings d) Inventory turnover (k) Payout e) Prot margin (1) Debt to total assets