21 The following financial statements apply to Thornton Company: 2019 ct sales $211,300 $176, 600 Other revenues 8, 300 5,500 182,100 Total revenues 219,600 Coat of goods sold Selling expenses General and administrative expenses 124,400 103,000 18,100 9,400 20,100 10,400 ,000 19,700 17, 800 Interest expense Income tax expense ,000 Total expenses S 44,000 32,B00 Net incone Current assets $ 5,300 7,300 Canh Marketable securities 1, B00 35,400 101,900 3,300 1, B00 30,000 95,100 Accounta receivable Inventoric Prepaid expenses 2,300 Total current assets 147 700 106,000 106,000 21,200 136,500 Plant and equipment (net) Intangibles Total assets 274,900 242,500 Liabilities and Stockholders Equity Liabilities Current liabilities S 39,100 55, 300 16,300 ccounta paya Other Total current liabilities Bonds payable 52 500 56,000 Total liabilities 121, B00 138,600 Stockholders' equity Common atock (40,000 shares) 114,400 114,400 38,700 ( 10,500 Total stockholders equity Total liabilities and atockhol1ders equity 274,900 242,500 Required Calculate the following ratios for 2018 and 2019. Since 2017 numbers are not presented do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 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 2018 and 2019 were $6.01 and $4.78, 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. Exclude extraordinary income in the calculation as they cannot be expected to recur and, therefore, will not be available to satisfy future interest payrments. (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.) Required Calculate the following ratios for 2018 and 2019. Since 2017 numbers are not presented do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 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 2018 and 2019 were $6.01 and $4.78, 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. Exclude extraordinary income in the calculation as they cannot be expected to recur and, therefore, will not be available to satisfy future interest payrments. (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.) a. Net margin b. Return on investment c. Return on equity d. Earnings per share f. Book value g. Interest eamed h. Working capital i. Current ratio j. Quick (acid-test) ratio k Accounts receivable tumover I. Inventory turnover m. Debt to equity ratio n. Debt to assets ratio