Financial statements for Benson Company follow. BENSON COMPANY Balance Sheets As of December 31 Year 4 Year 3 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable $ 17,500 20,300 $ 13,500 6,300 44,000 36,000 129,000 137,000 28,000 13,000 238,800 205,800 27,000 20,000 270,000 255,000 29,000 $564,800 24,000 $504,800 $ 17,200 $ 8,500 88,800 75,000 24,000 18,000 130,000 101,500 130,000 130,000 Other 27,000 22,000 Total noncurrent liabilities 157,000 152,000 Total liabilities 287,000 253,500 Stockholders' equity Preferred stock, (par value $10, 5% cumulative, non-participating; 8,000 shares authorized and issued) 80,000 80,000 Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings 80,000 80,000 117,800 91,300 Total stockholders' equity 277,800 251,300 Total liabilities and stockholders' equity $564,800 $504,800 BENSON COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 Year 4 Year 3 Revenues Sales (net) Other revenues $260,000 $240,000 8,600 5,600 Total revenues 268,600 245,600 Expenses Cost of goods sold 130,000 112,000 Selling, general, and administrative 58,000 53,000 Interest expense 8,900 8,100 Income tax expense 38,000 37,000 Total expenses 234,900 210,100 Net earnings (net income) 33,700 35,500 Retained earnings, January 1 91,300 63,000 Less: Preferred stock dividends 4,000 4,000 Common stock dividends 3,200 3,200 Retained earnings, December 31 $117,800 $ 91,300 Required Calculate the following ratios for Year 4 and Year 3. a. Working capital. b. Current ratio. (Round your answers to 2 decimal places.) c. Quick ratio. (Round your answers to 2 decimal places.) d. Receivables turnover (beginning receivables at January 1, Year 3, were $37,000). (Round your answers to 2 decimal places.) e. Average days to collect accounts receivable. (Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) f. Inventory turnover (beginning inventory at January 1, Year 3, was $143,000). (Round your answers to 2 decimal places.) g. Number of days to sell inventory. (Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) h. Debt-to-assets ratio. (Round your answers to the nearest whole percent.) i. Debt-to-equity ratio. (Round your answers to 2 decimal places.) j. Number of times interest was earned. (Round your answers to 2 decimal places.) k. Plant assets to long-term debt. (Round your answers to 2 decimal places.) I. Net margin. (Round your answers to 2 decimal places.) m. Turnover of assets (average total assets in Year 3 is $504,800). (Round your answers to 2 decimal places.) n. Return on investment (average total assets in Year 3 is $504,800). (Round your answers to 2 decimal places.) o. Return on equity (average stockholders' equity in Year 3 is $251,300). (Round your answers to 2 decimal places.) p. Earnings per share (total shares outstanding is unchanged). (Round your answers to 2 decimal places.) q. Book value per share of common stock. (Round your answers to 2 decimal places.) r. Price-earnings ratio (market price per share: Year 3, $11.90; Year 4, $12.80). (Round your intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places.)