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Chapter 14 hom due on Dec 10-1 PDF The financial statements of Sol Company appear below: Sol COMPANY Comparative Statements of Financial Position December 31, 2017 Assets 2017 S260,000 2016 $300,000 70,000 30,000 60,000 40,000 Property, plant and equipment (net) 15,000 25,000 uity and liabilities Share capital - ordinary Retained earnings10,000 $150,000 70,000 160,000 30,000 90,000 S150,000 Short-term notes payable.40,000 Total equity and liabilities GROGAN COMPANY Income Statement For the Year Ended December 31, 2017 $400,000 240,000 160,000 42,000 118,000 18,000 100,000 Net sales.. Cost of goods sold Operating expenses Income from operations Income before income taxes dditional information a. Cash dividends of $23,000 were declared and paid in 2017 b. Weighted-average number of ordinary shares outstanding during 2017 was 30,000 shares c. Market value of ordinary shares on December 31, 2017, was $21 per share Instructions Using the financial statements and additional information, compute the following ratios for Grogan Company for 2017. Show all computations 1. Current ratio 2. Return on ordinary shareholders' equity Chapter 14 hom due on Dec 10-1 Dili a PDF 3. 4. 5. 6. 7. 8. 9. 10. Price-earnings ratio Acid-test ratio Accounts receivable turnover Times interest earned Profit margin Days in inventory Payout ratio Return on assets

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