Financial statements for Benson Company follow. BENSON COMPANY Balance Sheets As of December 31 2019 2018 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories 17,500 13,500 20,300 44,00036,090 129,000 137,0e0 28,00890 6,300 Prepaid items Total current assets 26,966 13,000 238,800 205,800 27,00020,880 270,000 255,0ee 29,888 Investments Plant (net) Land 24,800 Total assets $564,800 $504,800 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable 17,200 8,500 88,800 75,00 24,00010 18,000 130,000 101,580 Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities 130,000 130,000 27,800 00 22,000 157,000 152,806 287,000 253,500 Total liabilities Stockholders' equity Preferred stock, (par value $10, 5% cumulative, non-participating; 8,000 shares authorized and issued) Common stock (no par; 50,800 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity 80,000 80,000 80,000 80,00 117,800 277,898 251,388 91,300 $564,800 $504,800 Total liabilities and stockholders' equity BENSUN COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 2018 Revenues Sales (net) $260,000 $%240,000 8,600 Other revenues 5,600 Total revenues 268,600 245,600 Expenses Cost of goods sold Selling, general, and administrative 130,000 112,000 58,000 53,000 Interest expense Income tax expense 8,900 38,000 8,100 37,000 Total expenses 234,900 210,100 Net earnings (net income) Retained earnings, January 1 Less: Preferred stock dividends 33,700 91,300 4,000 3,200 35,500 63,000 4,000 3,200 Common stock dividends $117,800 91,300 Retained earnings, December 31 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. 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, 2018, were $37,000) (Round your answers to 2 decimal places.) e. Average days to collect accounts receivable. (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, 2018, was $143,000). (Round your answers to 2 decimal places.) g. Number of days to sell inventory. (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. (Round your answers to 2 decimal places.) n. Return on investment. (Round your answers to 2 decimal places.) Check my work o. Return on equity. (Round your answers to 2 decimal places.) p. Earnings per share. (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: 2018, $11.90: 2019, $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.) 2019 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 imes g. Average days to sell inventory days days h. Debt to assets ratio i. Debt to equity ratio times times j. Number of times interest earned k. Plant assets to long-term debt I. Net margin m. Asset turnover n. Return on investment o. Return on equity per share per share p. | Earnings per share per share per share q. Book value per share r. Price-earnings ratio s. Dividend yield