Instructions

Using the financial statements and additional information, compute the following ratios for Hainz Company for 2017. Show all computations.

1. Current ratio _________.

2. Return on common stockholders' equity _________.

3. Price-earnings ratio _________.

4. Acid-test ratio _________.

5. Accounts receivable turnover _________.

6. Times interest earned _________.

7. Profit margin _________.

8. Days in inventory _________.

9. Payout ratio _________.

10. Return on assets _________.

2. The financial statements of Hainz Company appear below: HAINZ COMPANY Comparative Balance Sheet December 31 2017 20,000 2016 S 40,000 60,000 30,000 70,000 300,000 S500,000 ssets 60,000 S 30,000 90,000 160,000 150,000 70,000 S500,000 Short-term notes payable.... Bonds payabl... 40,000 80,000 150,000 Total liabilities and stockholders' equity $400,000 HAINZ COMPANY Income Statement For the Year Ended December 31,2017 $400,000 250,000 150,000 Expenses Operating expenses.... $42,000 90,000 OOS SOO S 63,000 ESS OS OSOS dditional information: Cash dividends of $23,000 were declared and paid in 2017. Weighted-average number of shares of common stock outstanding during 2017 was 30,000 shares Market value of common stock on December 31,2017, was $21 per share. a. b. c