Amounts from the comparative income statement and balance sheet of Johnson Stores, Inc., for the last two years are as follows:

Johnson Stores, Inc.

Comparative Income Statement

For Years Ended December 31, 20-2 and 20-1

1		20-2	20-1
2	Net sales (all on account)	$467,865.00	$305,145.00
3	Cost of goods sold	256,955.00	149,005.00
4	Gross profit	$210,910.00	$156,140.00
5	Administrative expenses	$43,876.00	$30,617.00
6	Selling expenses	44,994.00	31,293.00
7	Total operating expenses	$88,870.00	$61,910.00
8	Operating income	$122,040.00	$94,230.00
9	Interest expense	916.00	903.00
10	Income before income taxes	$121,124.00	$93,327.00
11	Income tax expense	30,280.00	19,980.00
12	Net income	$90,844.00	$73,347.00

Johnson Stores, Inc.

Comparative Balance Sheet

December 31, 20-2 and 20-1

1		20-2	20-1
2	Assets
3	Current assets:
4	Cash	$30,275.00	$15,604.00
5	Receivables (net)	42,441.00	33,565.00
6	Merchandise inventory	49,460.00	34,636.00
7	Supplies and prepayments	7,119.00	6,403.00
8	Total current assets	$129,295.00	$90,208.00
9	Property, plant, and equipment:
10	Office equipment (net)	$9,025.00	$6,062.00
11	Factory equipment (net)	72,090.00	52,930.00
12	Total property, plant, and equipment	$81,115.00	$58,992.00
13	Total assets	$210,410.00	$149,200.00
14	Liabilities
15	Current liabilities
16	Notes payable	$4,000.00	$8,000.00
17	Accounts payable	30,233.00	14,821.00
18	Accrued and withheld payroll taxes	6,250.00	7,600.00
19	Total current liabilities	$40,483.00	$30,421.00
20	Stockholders Equity
21	Common stock ($10 par)	$75,000.00	$63,000.00
22	Retained earnings	94,927.00	55,779.00
23	Total stockholders equity	$169,927.00	$118,779.00
24	Total liabilities and stockholders equity	$210,410.00	$149,200.00

	Required:
	Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to two decimal places).
(a)	Return on assets (Total assets on January 1, 20-1, were $111,325.)
(b)	Return on common stockholders equity (Total common stockholders equity on January 1, 20-1, was $82,008.)
(c)	Earnings per share of common stock (The average numbers of shares outstanding were 6,300 shares in 20-1 and 6,900 in 20-2.)
(d)	Book value per share of common stock
(e)	Quick ratio
(f)	Current ratio
(g)	Working capital
(h)	Receivables turnover (Net receivables on January 1, 20-1, were $28,995.)
(i)	Merchandise inventory turnover (Merchandise inventory on January 1, 20-1, was $32,425.)
(j)	Debt-to-equity ratio
(k)	Asset turnover (Assets on January 1, 20-1, were $111,325.)
(l)	Times interest earned ratio
(m)	Profit margin ratio
(n)	Assets-to-equity ratio
(o)	Price-earnings ratio (The market price of the common stock was $120.00 and $110.00 on December 31, 20-2 and 20-1, respectively.)

Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to two decimal places).