The following financial statements apply to Walton Company:

	Year 2		Year 1
Revenues	$	219,000			$	181,700
Expenses
Cost of goods sold		125,200				102,700
Selling expenses		20,100				18,100
General and administrative expenses		10,500				9,500
Interest expense		2,000				2,000
Income tax expense		20,600				16,800
Total expenses		178,400				149,100
Net income	$	40,600			$	32,600
Assets
Current assets
Cash	$	5,400			$	6,700
Marketable securities		1,400				1,400
Accounts receivable		35,300				31,900
Inventories		100,900				94,700
Prepaid expenses		3,600				2,600
Total current assets		146,600				137,300
Plant and equipment (net)		105,200				105,200
Intangibles		20,700				0
Total assets	$	272,500			$	242,500
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	39,800			$	34,200
Other		15,800				15,900
Total current liabilities		55,600				50,100
Bonds payable		65,400				66,400
Total liabilities		121,000				116,500
Stockholders equity
Common stock (43,000 shares)		114,600				114,600
Retained earnings		36,900				11,400
Total stockholders equity		151,500				126,000
Total liabilities and stockholders equity	$	272,500			$	242,500

Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when calculating the ratios for Year 1. Instead, use the number presented on the Year 1 balance sheet. a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity. (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of Year 1 and Year 2 were $5.99 and $4.92, respectively). (Round your intermediate calculations and final answers to 2 decimal places.) f. Book value per share of common stock. (Round your answers to 2 decimal places.) g. Times interest earned. (Round your answers to 2 decimal places.) h. Working capital. i. Current ratio. (Round your answers to 2 decimal places.) j. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) k. Accounts receivable turnover. (Round your answers to 2 decimal places.) l. Inventory turnover. (Round your answers to 2 decimal places.) m. Debt-to-equity ratio. (Round your answers to 2 decimal places.) n. Debt-to-assets ratio. (Round your answers to the nearest whole percent.)