Question: Could anyone help me with this? Your answer is partially correct. Try again. Condensed balance sheet and income statement data for Landwehr Corporation appear below.

Could anyone help me with this?Could anyone help me with this? Your answer is partially correct. Tryagain. Condensed balance sheet and income statement data for Landwehr Corporation appear

Your answer is partially correct. Try again. Condensed balance sheet and income statement data for Landwehr Corporation appear below. LANDWEHR CORPORATION Balance Sheets December 31 2018 2017 2016 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $ 24,700 49,500 89,800 75,100 400,800 $639,900 $74,500 80,100 374,000 111,300 $639,900 $ 17,300 45,800 95,700 69,300 369,900 $598,000 $ 17,100 49,000 63,900 45,600 358,000 $533,600 $69,100 49,100 308,000 107,400 $533,600 Current liabilities Long-term debt Common stock, $10 par Retained earnings $80,200 84,100 321,000 112,700 $598,000 LANDWEHR CORPORATION Income Statement For the Years Ended December 31 2018 2017 Sales revenue Less: Sales returns and allowances $744,500 40,900 703,600 $706,300 49,700 656,600 Net sales Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income 703,600 419,000 284,600 210,500 $ 74,100 656,600 400,500 256,100 225,000 $ 31,100 Additional information: 1. The market price of Landwehr's common stock was $3.00, $6.00, and $9.00 for 2016, 2017, and 2018, respectively. 2. All dividends were paid in cash. (a) Compute the following ratios for 2017 and 2018. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 2017 2018 (1) Profit margin 9.9 11% 4.41% (2) Asset turnover 1.2 times 1.3 || times (3) Earnings per share. (Weighted average common shares in 2018 were 31,200 and in 2017 were 33,200.) 0.94 2.38 (4) Price-earnings ratio 6.38 times 3.78 times (5) Payout ratio % % (6) Debt to assets ratio 1% %

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