d. Accounts receivable (AR) turnover Begin by selecting the correct formula. AR turnover = Now, compute the ratio for both companies for both years. (Round your answers to two decimal places, X.XX.) Ratio AR turnover AR turnover e. Gross profit percentage Year 2025 2024 Begin by selecting the correct formula. Gross profit % = PC FLV Now, compute the ratio for both companies for both years. (Round your answers to two decimal places-the nearest hundredth percent, X.XX%.) Ratio Year Gross profit % 2025 Gross profit % 2024 f. Debt ratio Begin by selecting the correct formula. Debt ratio = PC FLV % % % % Now, compute the ratio for both companies for both years. (Enter your answers as a percentage to two decimal places-the nearest hundredth percent, X.XX%.) Ratio Year PC In FLV Income Statement The Pull Company Comparative Financial Statements Years Ended December 31, 2025 2024 Floatsy Life Vests Comparative Financial Statements Years Ended December 31, 2023 2025 2024 Current Liabilities $ 69,560 $ 60,220 31,690 $ 90,900 $ 90,050 29,950 96,300 105,860 Long-term Liabilities 101,250 90,170 187,200 195,910 Total Liabilities Stockholders' Equity 2023 Common Stock 72,760 80,820 125,758 117,756 Retained Earnings Total Stockholders' Equity 198,518 198,576 197,700 111,520 16,570 128,090 102,500 14,758 117,258 103,890 Net Sales Revenue $ 430,780 $ 425,060 $ 410,120 $ 383,440 Cost of Goods Sold 258,790 256,977 299,120 280,910 Gross Profit 171,990 168,083 111,000 102,530 Operating Expenses 153,550 151,792 78,720 70,500 Total Liabilities and $ 299,768 $ 288,746 Stockholders' Equity $ 315,290 $ 313,168 Operating Income 18,440 16,291 32,280 32,030 870 770 2,740 2,920 Other Data Interest Expense Income before Income Tax 17,570 15,521 29,540 29,110 Market price per share $ 5,082 4,920 8,790 8,700 Annual dividend per share 21.44 $ 0.33 34.20 0.31 46.30 $ 51.14 0.49 0.43 Income Tax Expense Weighted average number of $ 12,488 $ 10,601 $ 20,750 $ 20,410 Net Income shares outstanding 8,900 7,400 8,900 7,400 Balance Sheet Assets Cash and Cash Equivalents Accounts Receivable $ 68,480 $ 70,172 65,351 $ 55,580 44,750 44,460 $ 44,170 39,860 Merchandise Inventory 79,940 66,340 76,370 68,510 Other Current Assets 16,190 16,868 24,729 38,670 $ 65,270 37,250 36,400 59,940 Total Current Assets 209,360 197,840 198,450 196,770 Long-term Assets 90,408 $ 299,768 $ 90,906 288,746 116,840 116,398 $ 315,290 $ 313,168 Total Assets $ 276,346 310,810 Liabilities