ADAMS COMPANY
Balance Sheets As of December 31
	2019				2018
Assets
Current assets
Cash	$	16,500			$	12,500
Marketable securities		20,100				6,100
Accounts receivable (net)		53,000				45,000
Inventories		127,000				135,000
Prepaid items		26,000				11,000
Total current assets		242,600				209,600
Investments		22,000				15,000
Plant (net)		260,000				245,000
Land		27,000				22,000
Total assets	$	551,600			$	491,600
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$	19,200			$	13,900
Accounts payable		138,800				125,000
Salaries payable		22,000				16,000
Total current liabilities		180,000				154,900
Noncurrent liabilities
Bonds payable		110,000				110,000
Other		25,000				20,000
Total noncurrent liabilities		135,000				130,000
Total liabilities		315,000				284,900
Stockholders equity
Preferred stock, (par value $10, 5% cumulative, non-participating; 6,000 shares authorized and issued)		60,000				60,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)		60,000				60,000
Retained earnings		116,600				86,700
Total stockholders equity		236,600				206,700
Total liabilities and stockholders equity	$	551,600			$	491,600

ADAMS COMPANY
Statements of Income and Retained Earnings For the Years Ended December 31
	2019				2018
Revenues
Sales (net)	$	240,000			$	220,000
Other revenues		8,200				5,200
Total revenues		248,200				225,200
Expenses
Cost of goods sold		120,000				106,000
Selling, general, and administrative		56,000				51,000
Interest expense		8,300				7,500
Income tax expense		28,000				27,000
Total expenses		212,300				191,500
Net earnings (net income)		35,900				33,700
Retained earnings, January 1		86,700				59,000
Less: Preferred stock dividends		3,000				3,000
Common stock dividends		3,000				3,000
Retained earnings, December 31	$	116,600			$	86,700

Required

Calculate the following ratios for 2019 and 2018. 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.

20110 2018 times times days days times times days days a. Working capital b. Current ratio c. Quick ratio d. Receivables turnover e. Average days to collect accounts receivable Inventory turnover 9. Average days to sell inventory h. Debt to assets ratio Debt to equity ratio Number of times interest earned k. Plant assets to long-term debt Net margin m Asset turnover n. Return on investment 0. Return on equity p. Earnings per share q. Book value per share Price-earnings ratio s Dividend yield times per share per share per share Prey 4 of 4 20110 2018 times times days days times times days days a. Working capital b. Current ratio c. Quick ratio d. Receivables turnover e. Average days to collect accounts receivable Inventory turnover 9. Average days to sell inventory h. Debt to assets ratio Debt to equity ratio Number of times interest earned k. Plant assets to long-term debt Net margin m Asset turnover n. Return on investment 0. Return on equity p. Earnings per share q. Book value per share Price-earnings ratio s Dividend yield times per share per share per share Prey 4 of 4