Financial statements for Franklin Company follow. FRANKLIN COMPANY Balance Sheets As of December 31 Year 4 Year 3 Assets Current assets Cash $ 19,500 $ 15,500 Marketable securities 20,700 6,700 Accounts receivable (net) 48,000 40,000 Inventories 133,000 141,000 Prepaid items 27,000 12,000 Total current assets 248,200 215,200 Investments 22,000 15,000 Plant (net) 290,000 275,000 Land 33,000 28,000 Total assets $ 593,200 $ 533,200 Liabilities and Stockholders Equity Liabilities Current liabilities Notes payable $ 31,200 $ 18,200 Accounts payable 133,800 120,000 Salaries payable 22,000 16,000 Total current liabilities 187,000 154,200 Noncurrent liabilities Bonds payable 110,000 110,000 Other 31,000 26,000 Total noncurrent liabilities 141,000 136,000 Total liabilities 328,000 290,200 Stockholders equity Preferred stock, (par value $10, 5% 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 125,200 103,000 Total stockholders equity 265,200 243,000 Total liabilities and stockholders equity $ 593,200 $ 533,200 FRANKLIN COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 Year 4 Year 3 Revenues Sales (net) $ 300,000 $ 280,000 Other revenues 9,400 6,400 Total revenues 309,400 286,400 Expenses Cost of goods sold 150,000 124,000 Selling, general, and administrative 62,000 57,000 Interest expense 10,100 9,300 Income tax expense 58,000 57,000 Total expenses 280,100 247,300 Net earnings (net income) 29,300 39,100 Retained earnings, January 1 103,000 71,000 Less: Preferred stock dividends 3,500 3,500 Common stock dividends 3,600 3,600 Retained earnings, December 31 $ 125,200 $ 103,000 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 $41,000). (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 $147,000). (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.) l. Net margin. (Round your answers to 2 decimal places.) m. Turnover of assets (average total assets in Year 3 is $533,200). (Round your answers to 2 decimal places.) n. Return on investment (average total assets in Year 3 is $533,200). (Round your answers to 2 decimal places.) o. Return on equity (average stockholders' equity in Year 3 is $243,000). (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, $12.10; Year 4, $13.20). (Round your intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places.)