Exercise 18-8 Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net sales Cost of goods sold Interest expense Net Income Accounts receivable Inventory Total assets Total common stockholders' equity $761,000 480,500 6,800 53,500 119,500 80,900 576,500 433,700 $723,000 440,000 5,400 42,500 106,000 74,200 501,000 324,200 Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.6%) Profit margin Asset turnover times Return on assets % Return on common stockholders' equity 96 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 15 used PRINT VERSTON Exercise 18-9 The income statement for Sutherland, Inc., appears below SUTHERLAND, INC. Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold Gross profit Expenses (including $14,000 interest and $22,000 income taxes) Net Income $440,000 210,000 230,000 86,000 $ 144,000 Additional information The weighted average common shares outstanding in 2017 were 28,000 shares. 2. The market price of Sutherland, Inc. stock was $13 in 2017 3. Cash dividends of $24,000 were pald, $5,400 of which were to preferred stockholders Compute the following ratlas for 2017. (Round Earnings per share to 2 decimal places o.$. 1.75, and all other answers to 1 decimal place c.9.6.8 or 8.14) Earnings per share $ Price-earnings ratio Payout ratio times 95 Times interest earned mes click if you would like to show Work for this questioni Open Show Wors LK 16 TEXT Question Attempts of 15 used SLAMIT AN