Financial statements for Franklin Company follow. FRANKLIN COMPANY Balance Sheets As of December 31 2019 2018 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 $ 19,500 20,700 48, eee 133,eee 27,000 248,200 22,000 290,000 33,eee $593,200 $ 15,500 6,700 40,000 141, eee 12, eee 215, 200 15,000 275, eee 28, eee $533,200 $ 31,200 133,800 22,000 187,000 $ 18, 200 120, eee 16,eee 154,200 187, eee 154, 2ee 110, eee 31, eee 141,699 328,000 11e, eee 26, eee 136,000 290, 200 Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 5% cumulative, non-participating: 7,800 shares authorized and issued) Common stock (no par; 50,880 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 70,000 70,000 125, 2ee 265, 280 $593,200 70,000 70,000 1 03, eee 243, eee $533, 2ee 2018 $280,000 6,400 286,400 FRANKLIN COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 Revenues Sales (net) $300,000 Other revenues 9,400 Total revenues 309,400 Expenses Cost of goods sold 150,000 Selling, general, and administrative 62,000 Interest expense 10,100 Income tax expense 58,000 Total expenses 280, 100 Net earnings (net income) 29, 300 Retained earnings, January 1 103, oee Less: Preferred stock dividends 3,500 Common stock dividends 3,600 Retained earnings, December 31 $125,200 124,000 57,000 9,300 57,000 247,300 39, 100 71,000 3,500 3,600 $103,000 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. 2019 2018 times days times days times days times days % a. Working capital b. Current ratio C. Quick ratio d. Receivables turnover e. Average days to collect accounts receivable f. Inventory turnover 9. Average days to sell inventory h. Debt to assets ratio i. Debt to equity ratio j. Number of times interest earned k. Plant assets to long-term debt 1. Net margin m. Asset turnover n. Return on investment o. Return on equity p. Earnings per share RIM times times % 1 % se % per share per share per share per share 9. Book value per share Price-earnings ratio s. Dividend yield