Cavalier Company is asking for $36,000. The loans will be for a two-year period. Both companies estimate bad debts based on aging analysis, but Cavalier has estimated slightly higher uncollectible rates than Royale. Neither company issued stock in the c year. Assume the end-of-year total assets and net equipment balances approximate the year's average a all sales are on acc Required 1. Calculate the following ratios. (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decim places.) Royale Cavalier Company Compan Ratio Tests of Profitability: 1. Net Profit Margin 2. Gross Profit Percentage 3. Fixed Asset Turnover 4. Return on Equity 5. Earnings per Share 6. Price/Earnings Ratio Tests of Liquidity: 7. Receivables Turnover 10.51% 13.75% 40.59% 47.65% Days to Collect 8. Inventory Turnover Days to Sell 9.Current Ratio Tests of Solvency: 10.Debt-to-Assets he financial statements for Royale and Cavalier companies are summarized here: Cavalier Royale Company Company Balance Sheet Cash Accounts Receivable, Net Inventory Equipment, Net Other Assets Total Assets Current Liabilities Note Payable (long-term) Common Stock (par $20) Additional Paid-In Capital Retained Earnings 31,000 51,000 22,000 37,000 172,000 52,000 $922,000 334,000 61,000 122,000 562,000 146,000 $132,000 27,000 67,000 216,000 10,000 14,000 $922,000 334,000 202,000 486,000 56,000 46,000 Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses Net Income $818,000 298,000 156,000 101,000 $86,000 41,000 486,000 246,000 Other Data Per share price at end of year Selected Data from Previous Year Accounts Receivable, Net Note Payable (long-term) Equipment, Net Inventory Total Stockholders' Equity $ 18.00 15.00 53,000 202,000 562,000 101,000 588,000 20,000 67,000 172,000 44,000 240,000