1-a- Following is the balance sheet of Campbell Company for Year 3:

CAMPBELL COMPANY Balance sheet
Assets
Cash	$	14,500
Marketable securities		7,700
Accounts receivable		12,620
Inventory		11,000
Property and equipment		167,500
Accumulated depreciation		(12,800	)
Total assets	$	200,520
Liabilities and Stockholders Equity
Accounts payable	$	8,600
Current notes payable		3,840
Mortgage payable		4,950
Bonds payable		21,240
Common stock		113,200
Retained earnings		48,690
Total liabilities and stockholders equity	$	200,520

The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,600. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)

1-b- The following financial statements apply to Karl Company:

	Year 2				Year 1
Revenues		436,000				360,000
Expenses
Cost of goods sold		252,000				206,000
Selling expenses		42,000				38,000
General and administrative expenses		22,000				20,000
Interest expense		6,000				6,000
Income tax expense		42,000				36,000
Total expenses		364,000				306,000
Net income	$	72,000			$	54,000
Assets
Current assets
Cash	$	74,000			$	84,000
Marketable securities		2,000				2,000
Accounts receivable		70,000				64,000
Inventories		200,000				192,000
Prepaid expenses		6,000				4,000
Total current assets		352,000				346,000
Plant and equipment (net)		210,000				210,000
Intangibles		40,000				0
Total assets	$	602,000			$	556,000
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	80,000			$	108,000
Other		34,000				30,000
Total current liabilities		114,000				138,000
Bonds payable		132,000				134,000
Total liabilities		246,000				272,000
Stockholders equity
Common stock (100,000 shares)		230,000				230,000
Retained earnings		126,000				54,000
Total stockholders equity		356,000				284,000
Total liabilities and stockholders equity	$	602,000			$	556,000

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.

1. Net margin. (Round your answers to 2 decimal places.)
2. Return on investment. (Round your answers to 2 decimal places.)
3. Return on equity. (Round your answers to 2 decimal places.)
4. Earnings per share. (Round your answers to 2 decimal places.)
5. Price-earnings ratio (market prices at the end of Year 1 and Year 2 were $11.88 and $9.54, respectively). (Round your intermediate calculations and final answers to 2 decimal places.)
6. Book value per share of common stock. (Round your answers to 2 decimal places.)
7. Times interest earned. (Round your answers to 2 decimal places.)
8. Working capital.
9. Current ratio. (Round your answers to 2 decimal places.)
10. Quick (acid-test) ratio. (Round your answers to 2 decimal places.)
11. Accounts receivable turnover. (Round your answers to 2 decimal places.)
12. Inventory turnover. (Round your answers to 2 decimal places.)
13. Debt-to-equity ratio. (Round your answers to 2 decimal places.)
14. Debt-to-assets ratio. (Round your answers to the nearest whole percent.)