QUESTION 4 Given the following information from the current financial statements of Arbonne Corp, calculate the ratios listed below the financial statements and fill in the chart on the next page. Round to two decimal places, where appropriate. Arbonne Corp. Balance Sheet December 31, 2015 Arbonne Corp. Cash $ 38,500 Income Statement Information For the year ended December 31, 2015 Marketable securities 121,000 Accounts receivable (net) 58,600 Sales (all on credit) $ 1,085,000 Prepaid insurance 6.000 Cost of goods sold 675,000 41,000 Merchandise inventory Plant Assets (net) Gross profit on sales $ 410.000 145.000 Operating expenses 225.000 Total Assets 410.100 Operating income $ 185.000 Interest expense 10,300 91.400 Accounts payable Interest payable Common shares 3.800 Income before taxes $ 174.700 136.900 Income tax expense 61,145 Retained earnings 178.000 Net income $ 113,555 Total Liabilities and Equity S 410.100 (A) Current ratio. (B) Accounts receivable turnover. Assume the beginning of year accounts receivable balance was $59,500. Changes: Off $ $ Styles (A) Current ratio. (B) Accounts receivable turnover. Assume the beginning of year accounts receivable balance was $59,500. (C) Days' sales uncollected. (D) Merchandise turnover. Assume the beginning of year merchandise inventory was $50,200. (E) Times interest earned. (F) Return on common shareholders' equity. Assume the beginning of year common shares balance was $180,000 and retained earnings was $128,000. (G) Earnings per share (assume Arbonne Corp's average common shares outstanding is 50,000). (H) Price-earnings ratio. Assume the company's shares are selling for $26 per share.