Financial statements for Franklin Company follow.

FRANKLIN COMPANY
Balance Sheets As of December 31
	2019				2018
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
	2019				2018
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 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 $41,000). (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 $147,000). (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, $12.10; 2019, $13.20). (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	not attempted		not attempted
b.	Current ratio	not attempted		not attempted
c.	Quick ratio	not attempted		not attempted
d.	Receivables turnover	not attempted	times	not attempted	times
e.	Average days to collect accounts receivable	not attempted	days	not attempted	days
f.	Inventory turnover	not attempted	times	not attempted	times
g.	Average days to sell inventory	not attempted	days	not attempted	days
h.	Debt to assets ratio	not attempted	%	not attempted	%
i.	Debt to equity ratio	not attempted		not attempted
j.	Number of times interest earned	not attempted	times	not attempted	times
k.	Plant assets to long-term debt	not attempted		not attempted
l.	Net margin	not attempted	%	not attempted	%
m.	Asset turnover	not attempted		not attempted
n.	Return on investment	not attempted	%	not attempted	%
o.	Return on equity	not attempted	%	not attempted	%
p.	Earnings per share	not attempted	per share	not attempted	per share
q.	Book value per share	not attempted	per share	not attempted	per share
r.	Price-earnings ratio	not attempted		not attempted
s.	Dividend yield	not attempted	%	not attempted	%