\begin{tabular}{lrrr} Short-term notes payable & 41,000 & 93,000 \\ Bonds payable & 85,000 & 170,000 \\ Commonstock & 150,000 & 150,000 \\ Retained earnings & 121,900 & 75,900 \\ \cline { 2 - 3 } Total liabilities and stockholders' equity & $420,200 & $520,500 \\ \hline \end{tabular} WINSOR COMPANK Income Statement For the Year Ended December 31, 2020 \begin{tabular}{lr} Net sales & $420,000 \\ Cost of goods sold & 260,400 \\ \hline Gross profit & 159,600 \end{tabular} Expenses Operating expenses $41,000 Additional information: a. Cash dividends of $24,000 were declared and paid in 2020 . b. Weighted-average number of shares of common stock outstanding during 2020 was 28,000 shares. c. Market value of common stock on December 31,2020 , was $23 per share. 1. Currentratio 2. Return on common stockholders' equity 3. Price-earnings ratio 4. Accounts receivable turnover 11.7 times 5. Times interest earned 6.4 times 6. Profit margin 16.7% 7. Days in inventory 92.2 days 8. Payout ratio 34.3% 9. Return on assets 14.9%