Problem 18-3A Condensed balance sheet and income statement data for Landwehr Corporation appear below. LANDWEHR CORPORATION Balance Sheets 2018 2017 2016 Cash $ 25,400 50,500 89,000 75,800 399,000 16,000 17,700 47,200 64,100 45,000 357,600 Accounts receivable 45,600 95,200 69,700 369,400 $639,700 $595,900 $531,600 $80,600 85,100 313,000 117,200 $639,700 $595,900 $531,600 net Other current assets Investments Plant and equipment net Current liabilities $75,100 80,000 338,000 $70,600 49,600 297,000 114,400 Long-term debt n stock, $10 ommo par Retained earnings 146,600 LANDWEHR CORPORATION Income Statement For the Years Ended December 31 2018 2017 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) 212,500 Net income $740,500 $705,300 39,900 49,500 700,600 655,800 423,500 396,500 277,100 259,300 215,500 64,600 $ 43,8 Additional information: 1. The market price of Landwehr's common stock was $3.00, $6.00, and $8.00 for 2016, 2017, and 2018, respectively 2. All dividends were paid in cash 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 6.8 or 6.8%.) 2017 2018 (1) Profit margin (2) Asset turnover (3) Earnings per share. (Weighted-average common shares in 2018 were 31,800 and in 2017 were 29,600.) (4) Price-earnings ratio (5) Payout ratio (6) Debt to assets ratio times times times times