13-3A

Problem 13-3A Condensed balance sheet and income statement data for Bramble Corporation are presented here. BRAMBLE CORPORATION Balance Sheets December 31 2017 2016 2015 S 31,000 S 21,000 19,000 46,000 100,000 75,000 500,000370,000358,000 $737,000 $612,000$545,000 86,000 $81,000 71,000 90,000 325,000315,000 305,000 126,000 $737,000 $612,000 S545,000 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 51,000 95,000 60,000 49,000 69,000 50,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings 150,000 55,000 176,000 114,000 BRAMBLE CORPORATION Income Statements For the Years Ended December 31 2017 2016 745,000 $605,000 Sales revenue Less: Sales returns and allowances Net sa es Cost of goods sold Gross profit Operating expenses (including income taxes) Net income 41,000 04,000 574,000 430,000 355,000 31,000 274,000 219,000 81,000 151,000 93.000 $68.000 Additional information Additional information: 1. The market price of Bramble's common stock was $7.00, $7.50, and $8.50 for 2015, 2016, and 2017, respectively. (a) Compute the following ratios for 2016 and 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.8396.) 2. You must compute dividends paid. All dividends were paid in cash. 2017 2016 Profit margin Gross profit rate Asset turnover times times Earnings per share Price-earnings ratio Payout ratio Debt to assets ratio s times times