Miller Company's condensed income statement for 2013 and December 31, 2013, balance sheet follow:

Income Statement

Sales (net) ..................................$ 304,400

Cost of goods sold ........................(183,600)

Gross profit $ ................................120,800

Operating expenses .........................(82,000)

Operating income ...........................$ 38,800

Interest expense ..............................(7,000)

Income before income taxes ..............$ 31,800

Income taxes ................................(10,000)

Net income .................................$ 21,800

Additional information: The common stock was outstanding the entire year and is selling for $16 per share at yearend.
On January 1, 2013, the inventory was $21,500, the total assets were $224,000, the accounts payable were $18,800, and the total shareholders' equity was $130,800. The company operates on a 365-day business year.
Required:
Compute the following ratios for Miller (round all computations to two decimal places): (1) gross profit margin, (2) operating profit margin, (3) net profit margin, (4) total asset turnover, (5) return on total assets, (6) return on common equity, (7) current, (8) inventory turnover (in days), and (9) payables turnover (in days).

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Balance Sheet Cash Receivables (net) Inventory Property, plant, and equipment (net) $ 8,200 14,700 19,300 195,800 Accounts payable Other current liabilities Bonds payable, 10% Common stock, $10 par Additional paid-in capital on common stock Retained eamings Total Liabilities and Shareholders' Equity $ 18,000 6,800 70,000 80,500 24,000 38,700 $238,000 Total Assets $238,000