$ $ a. Working capital b. Current ratio c. Quick ratio 2019 61,200 1.33 0.47 2018 61,000 1.40 0.40 Financial statements for Franklin Company follow. FRANKLIN COMPANY Balance Sheets As of December 31 2019 2018 $ 15, Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets $ 19,500 20,700 48,000 133,000 27,000 248,200 22,000 290,000 33,000 $593,200 $ 15,500 6,700 40,000 141,000 12,000 215, 200 15,000 275,000 28,000 $533,200 $ 31,200 133,800 22,000 187,000 $ 18,200 120,000 16,000 154,200 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders equity Preferred stock, (par value $10, 5% cumulative, non-participating; 7,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 110,000 31,000 141,000 328,000 110,000 26,000 136,000 290, 200 70,000 70,000 125, 200 265,200 $593,200 70,000 70,000 103,000 243,000 $533,200 2018 $280,000 6,400 286,400 FRANKLIN COMPANY Statements of Income and retained Earnings For the Years Ended December 31 2019 Revenues Sales (net) $300,000 Other revenues 9,400 Total revenues 309,400 Expenses Cost of goods sold 150,000 Selling, general, and administrative 62,000 Interest expense 10, 100 Income tax expense 58,000 Total expenses 280,100 Net earnings (net income) 29,300 Retained earnings, January 1 103,000 Less: Preferred stock dividends 3,500 Common stock dividends 3,600 Retained earnings, December 31 $125,200 124,000 57,000 9,300 57,000 247,300 39,100 71,000 3,500 3,600 $103,000 X 7.50 times days times days % 7.00 times days times days % times times d. Receivables turnover e. Average days to collect accounts receivable f. Inventory turnover g. Average days to sell inventory h. Debt to assets ratio i. Debt to equity ratio j. Number of times interest earned k. Plant assets to long-term debt 1. Net margin m. Asset turnover n. Return on investment o. Return on equity p. Earnings per share q. Book value per share r. Price-earnings ratio s. Dividend yield % per share per share per share per share