Financial statements for Baird Company follow.

BAIRD COMPANY
Balance Sheets As of December 31
	2019				2018
Assets
Current assets
Cash	$	17,000			$	13,000
Marketable securities		20,200				6,200
Accounts receivable (net)		43,000				35,000
Inventories		128,000				136,000
Prepaid items		27,000				12,000
Total current assets		235,200				202,200
Investments		32,000				25,000
Plant (net)		265,000				250,000
Land		28,000				23,000
Total assets	$	560,200			$	500,200
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$	18,800			$	12,500
Accounts payable		113,800				100,000
Salaries payable		23,000				17,000
Total current liabilities		155,600				129,500
Noncurrent liabilities
Bonds payable		120,000				120,000
Other		26,000				21,000
Total noncurrent liabilities		146,000				141,000
Total liabilities		301,600				270,500
Stockholders equity
Preferred stock, (par value $10, 4% cumulative, non-participating; 7,000 shares authorized and issued)		70,000				70,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)		70,000				70,000
Retained earnings		118,600				89,700
Total stockholders equity		258,600				229,700
Total liabilities and stockholders equity	$	560,200			$	500,200

BAIRD COMPANY
Statements of Income and Retained Earnings For the Years Ended December 31
	2019				2018
Revenues
Sales (net)	$	250,000			$	230,000
Other revenues		8,400				5,400
Total revenues		258,400				235,400
Expenses
Cost of goods sold		125,000				109,000
Selling, general, and administrative		57,000				52,000
Interest expense		8,600				7,800
Income tax expense		33,000				32,000
Total expenses		223,600				200,800
Net earnings (net income)		34,800				34,600
Retained earnings, January 1		89,700				61,000
Less: Preferred stock dividends		2,800				2,800
Common stock dividends		3,100				3,100
Retained earnings, December 31	$	118,600			$	89,700

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.

1. Working capital.
2. Current ratio. (Round your answers to 2 decimal places.)
3. Quick ratio. (Round your answers to 2 decimal places.)
4. Receivables turnover (beginning receivables at January 1, 2018, were $36,000). (Round your answers to 2 decimal places.)
5. Average days to collect accounts receivable. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.)
6. Inventory turnover (beginning inventory at January 1, 2018, was $142,000). (Round your answers to 2 decimal places.)
7. Number of days to sell inventory. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.)
8. Debt to assets ratio. (Round your answers to the nearest whole percent.)
9. Debt to equity ratio. (Round your answers to 2 decimal places.)
10. Number of times interest was earned. (Round your answers to 2 decimal places.)
11. Plant assets to long-term debt. (Round your answers to 2 decimal places.)
12. Net margin. (Round your answers to 2 decimal places.)
13. Turnover of assets. (Round your answers to 2 decimal places.)
14. Return on investment. (Round your answers to 2 decimal places.)
15. Return on equity. (Round your answers to 2 decimal places.)
16. Earnings per share. (Round your answers to 2 decimal places.)
17. Book value per share of common stock. (Round your answers to 2 decimal places.)
18. Price-earnings ratio (market price per share: 2018, $11.85; 2019, $12.70). (Round your intermediate calculations and final answer to 2 decimal places.)
19. Dividend yield on common stock. (Round your answers to 2 decimal places.)

		2019		2018
a.	Working capital
b.	Current ratio
c.	Quick ratio
d.	Receivables turnover		times		times
e.	Average days to collect accounts receivable		days		days
f.	Inventory turnover		times		times
g.	Average days to sell inventory		days		days
h.	Debt to assets ratio		%		%
i.	Debt to equity ratio
j.	Number of times interest earned		times		times
k.	Plant assets to long-term debt
l.	Net margin		%		%
m.	Asset turnover
n.	Return on investment		%		%
o.	Return on equity		%		%
p.	Earnings per share		per share		per share
q.	Book value per share		per share		per share
r.	Price-earnings ratio
s.	Dividend yield		%		%