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Miller Company's condensed income statement for 2016 and December 31, 2016, balance sheet follow:

Income StatementSales (net)$304,400Cost of goods sold(183,600)Gross profit$120,800Operating expenses(82,000)Operating income$38,800Interest expense(7,000)Income before income taxes$31,800Income taxes(10,000)Net income21,800Balance SheetCash$8,200Accounts payable$18,000Receivables (net)14,700Other current liabilities6,800Inventory19,300Bonds payable, 10%70,000Property, plant, and equipment (net)195,800Common stock, $10 par80,500Additional paid-in capital on common stock24,000Retained earnings38,700Total Assets$238,000Total Liabilities and Shareholders' Equity$238,000Additional information: The common stock was outstanding the entire year and is selling for $16 per share at year-end. On January 1, 2016, 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

For the Miller Company, compute the following ratios:

1. Gross profit margin: (Round to two decimal places.)%2. Operating profit margin: (Round to two decimal places.)%3. Net profit margin: (Round to two decimal places.)%4. Total asset turnover: (Round to two decimal places.)times5. Return on total assets: (Round to two decimal places. Round tax rate to the nearest whole percent in your intermediate calculations.)%6. Return on common equity: (Round to two decimal places.)%7. Current ratio: (Round to one decimal place.): 18. Inventory turnover: (in days) (Round to nearest whole day.)days9. Payables turnover: (in days) (Round to nearest whole day. Do not round your intermediate calculations.)dayss