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The condensed financial statements of Marks Company for the years 2017-2018 are presented below: Marks Company Comparative Balance Sheets As of December 31, 2017 and 2018 2018 2017 Cash Accounts receivable (net) Inventories Plant and equipment $375,000 $138,000 305,000 345,000 1,844,000 1,114,000 Accumulated depreciation (260,000)(192,000) $2,714,000 $1,710,000 $345,000 $160,000 40,000 371,000 384,000 Accounts payable Dividends payable Bonds payable 0 402,000 0 Common stock ($10 par) 1,522,000 1,230,000 280,000 $2,714,000 $1,710,000 Retained earnings 445,000 Additional data: Market value of stock at 12/31/18 is $80 per share. Marks sold 35,000 shares of common stock at par on July 1, 2018. Marks Company Condensed Income Statement For the Year Ended December 31, 2018 Sales revenue Cost of goods sold Gross profit Administrative and selling expenses Net income $2,408,000 1,644,000 764,000 502,000 $262,000 Compute the following financial ratios by placing the proper amounts for numerators and denominators. (Round per unit answers to 2 decimal places, e.g. 52.75.) (a) Current ratio at 12/31/18 (b) Acid test ratio at 12/31/18 (c) Accounts receivable turnover in 2018 (d) Inventory turnover in 2018 (e) Profit margin on sales in 2018 (f) Earnings per share in 2018 (g) Return on common stock holders' equity in 2018 (h) Price earnings ratio at 12/31/18 (i) Debt to assets at 12/31/18 (i) Book value per share at 12/31/18 Click if you would like to show Work for this question: Open Show Work

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