The following are the condensed financial statements for Best Inc. and Good Inc. for 2019.

Required:

1. Compute the following ratios for each company:
   1. Rate of return on net sales
   2. Rate of return on total assets at year-end
   3. Rate of return on stockholders equity at year-end
   4. Earnings per share of common stock
   5. Ratio of stockholders equity to total equities
   6. Current ratio
   7. Asset turnover
   8. Book value per share of common stock

Income Statements Year Ended December 31, 2019 Best Inc. Good Inc. Sales (Net) 809,000 664,000 Cost of Goods Sold 512,000 357,000 Gross Profit 297,000 307,000 Operating Expenses 173,000 128,500 Net Income from Operations 124,000 178,500 Interest Expense 10,000 Net Income Before Income Tax 114,000 178,500 Income Tax Expense 28,500 44,625 Net Income After Income Tax 85,500 133,875 Balance Sheets December 31, 2019 Best Inc. Good Inc. 132,000 232,000 364,000 111,900 203,000 314,900 86,800 Assets Current Assets Property, plant, and Equipment (Net) Total Assets Liabilities and Stockholders' Equity Liabilities Current Liabilities Long-Term Liabilities (Bonds Payable) Total Liabilities Stockholders' Equity Common Stock ($10 Par Value) Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 98,500 107,000 205,500 86,800 27,000 131,500 158,500 364,000 27,000 201,100 228,100 314,900 Req la Req 1b Req 1c Req id Req le Req 1f Req 1g Compute the rate of return on net sales for 2019. Rate of return on net sales - Choose Denominator Choose Numerator Rate of return on net sales Best Inc. Good Inc. Req la Reg 1b Req 1c Req 1d Req le Req 1f Req 1g Req 1h Compute the rate of return on total assets at year-end for 2019. Rate of return on total assets Choose Denominator Choose Numerator Rate of return on total assets Best Inc. lo Good Inc. Req la Req 1b Req 1c Req 1d Req le Req if Req 1g Req Compute the rate of return on stockholders' equity at year-end for 2019. Choose Numerator Rate of return on stockholders' equity - Choose Denominator Rate of return on stockholders' equity - Best Inc. % Good Inc. 1 Req la Req 1b Req 1c Req 1d Req le Req if Req 1g Req 1h Compute the earnings per share of common stock for 2019. Earnings per share Choose Denominator Choose Numerator - Best Inc. Good Inc. Earnings per share per share per share Req la Req 1b Req 1c Req id Req le Req 1f Req 1g Req 1h Compute the ratio of stockholders' equity to total equities for 2019. Stockholders' equity to total equities - Choose Denominator Choose Numerator Stockholders' equity to total equities Best Inc. Good Inc. Req la per un Req 1b mois mase Req 1c Req 1d mense Req le meisie Req if met Compute the current ratio for 2019. Current ratio - Choose Denominator Choose Numerator Current ratio Best Inc. : LII Good Inc. Req la Req 1b Req 1c Req id Req le Req if Req 1g Compute the asset turnover for 2019. Asset turnover Choose Denominator Choose Numerator Asset turnover Best Inc. times - Good Inc. times Req la Req 1b Req 1c Req 1d Req le Req if Req 19 Req 1h Compute the book value per share of common stock for 2019. ! Book value per share of common stock Choose Denominator Choose Numerator Book value per share of common stock Best Inc. I per share Good Inc. per share