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The following financial statements apply to Fanning Company:

Year $2$ Year $1$

Revenues $ $218,700$ $ $181,400$

Expenses

Cost of goods sold $125,800101,100$

Selling expenses $19,70017,700$

General and administrative expenses $9,6008,600$

Interest expense $2,1002,100$

Income tax expense $19,10016,600$

Total expenses $176,300146,100$

Net income $ $42,400$ $ $35,300$

Assets

Current assets

Cash $ $5,100$ $ $7,000$

Marketable securities $1,2001,200$

Accounts receivable $35,30032,000$

Inventories $203,000198,000$

Prepaid expenses $3,5002,500$

Total current assets $248,100240,700$

Plant and equipment $($net$)105,400105,400$

Intangibles $21,5000$

Total assets $ $375,000$ $ $346,100$

Liabilities and Stockholders$$ Equity

Liabilities

Current liabilities

Accounts payable $ $39,500$ $ $34,400$

Other $15,50015,900$

Total current liabilities $55,00050,300$

Bonds payable $48,70066,900$

Total liabilities $103,700117,200$

Stockholders$$ equity

Common stock $(49,000$ shares$)120,000120,000$

Retained earnings $151,300108,900$

Total stockholders$$ equity $271,300228,900$

Total liabilities and stockholders$$ equity $ $375,000$ $ $346,100$

$48700$

Required

Calculate the following ratios for Year $1$ and Year $2.$ When data limitations prohibit computing averages, use year$-$end balances in your calculations.

Net margin. $($Round your answers to $2$ decimal places.$)$

Return on investment. $($Round your answers to $2$ decimal places.$)$

Return on equity. $($Round your answers to $2$ decimal places.$)$

Earnings per share. $($Round your answers to $2$ decimal places.$)$

Price$-$earnings ratio $($market prices at the end of Year $1$ and Year $2$ were $$6\mathrm{.}06$ and $$4\mathrm{.}96,$ respectively$).($Round your intermediate calculations and final answers to $2$ decimal places.$)$

Book value per share of common stock. $($Round your answers to $2$ decimal places.$)$

Times interest earned. $($Round your answers to $2$ decimal places.$)$

Working capital.

Current ratio. $($Round your answers to $2$ decimal places.$)$

Quick $($acid$-$test$)$ ratio. $($Round your answers to $2$ decimal places.$)$

Accounts receivable turnover. $($Round your answers to $2$ decimal places.$)$

Inventory turnover. $($Round your answers to $2$ decimal places.$)$

Debt$-$to$-$equity ratio. $($Round your answers to $2$ decimal places.$)$

Debt$-$to$-$assets ratio. $($Round your answers to the nearest whole percent.$)$