21 The following financial statements apply to Walton Company: Revenues $210, B00 $175, 600 Net sales Other revenues 9,2005 400 220,000 181,000 Total revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense 125, B00 102,800 20,B00 10,600 1,900 19,50016,800 18,800 9, 600 900 Income tax expense 178,600 149,900 Total expenses $ 41,400 31,100 Net income Assets Current assets Cash $5,300 6,500 1,700 36,500 101,800 4,800 Marketable securities Accounts receivable Inventories 1,700 31,300 95,900 3,800 Prepaid expenses Total current assets 150,100 106, 300 106,300 20,B00 139,200 Plant and equipment (net) Intangibles $277,200 245,500 Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities $39, 000 54,500 15,800 16,100 54, B00 64,00065,000 Accounts payable Other Total current liabilities 70,600 Bonds payable ED other Total current liabilities 54,800 64,00065,000 70,600 Bonds payable 118,800 135, 600 Total liabilities Stockholders' equity Common stock (50,000 shares) Retained earnings Total stockholders' equity 114,700 43,700 114,700 4,800 158,400109,900 $277,200 245,500 Total liabilities and stockholders' equity 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 $6.14 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. Exclude extraordinary income in the calculation as they cannot be expected to recur and, therefore, will not be available to satisfy future nterest payments. (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 recelvable turnover. (Round your answers to 2 decimal places.) I. 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.) k. Accounts receivable turnover. (Round your answers to 2 decimal places.) I. 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.) 2019 2018 a. Net margin b. Return on investment Return on equity C. d. Earnings per share e. Price-eamings ratio times tmes f. Book value Interest earned tmes imes h. Working capital i. Current ratio j. Quick (acid-test) ratio k. Acoounts recaivable tumover imes times I. Inventory turnover tmes imes m. Debt to equity ratio Debt to assets ratio n