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The financial statements of Gaines Company appear below: GAINES COMPANY Comparative Balance Sheet December 31, 2018 Assets Cash Short-term investments Accounts receivable (net). Inventory ......... Property, plant and equipment (net).. Total assets 2019 $ 25,000$ 40,000 15,000 50,000 50,000 260,000 $400.000 60,000 30,000 70,000 300,000 $500.000 Liabilities and shareholders' equity Accounts payable Short-term notes payable. Bonds payable Share capital. Retained earnings Total liabilities and shareholders' equity $ 20,000 30,000 90,000 150,000 110,000 $400.000 $ 30,000 90,000 160,000 150,000 70,000 $500.000 GAINES COMPANY Income Statement For the Year Ended December 31, 2019 $400,000 240,000 160.000 Net sales .... Cost of goods sold Gross profit. Expenses Operating expenses Interest expense Total expenses Income before income taxes. Income tax expense Net income ........ $42,000 18.000 60,000 100,000 30,000 S 70.000 Additional information: a. Cash dividends of $23,000 were declared and paid in 2019. b. Weighted-average number of ordinary shares outstanding during 2019 was 30,000 shares. c. Market value of ordinary shares on December 31, 2019, was $21 per share. Required: Using the financial statements and additional information, compute the following ratios for Gaines Company for 2019. Please also show all computations. 2 3 4 Current ratio Return on shareholders' equity Earnings per share Price-earnings ratio Acid-test ratio Receivables turnover Times interest earned Profit margin Days in inventory Return on assets 6 7 8 9 10 (Round your answer to 1 decimal place)

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