Financial statements for Revnik Company follow. REVNIK COMPANY Balance Sheets As of December 31 2015 2014 Assets Current assets Cash $ 16,000 $ 12,000 Marketable securities 20,000 6,000 Accounts receivable (net) 54,000 46,000 Inventories 135,000 143,000 Prepaid items 25,000 10,000 Total current assets 250,000 217,000 Investments 27,000 20,000 Plant (net) 270,000 255,000 Land 29,000 24,000 Total assets $ 576,000 $ 516,000 Liabilities and Stockholders Equity Liabilities Current liabilities Notes payable $ 17,000 $ 6,000 Accounts payable 113,800 100,000 Salaries payable 21,000 15,000 Total current liabilities 151,800 121,000 Noncurrent liabilities Bonds payablew 100,000 100,000 Other 32,000 27,000 Total noncurrent liabilities 132,000 127,000 Total liabilities 283,800 248,000 Stockholders equity Preferred stock, (par value $10, 4% 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) 80,000 80,000 Retained earnings 132,200 108,000 Total stockholders equity 292,200 268,000 Total liabilities and stockholders equity $ 576,000 $ 516,000 REVNIK COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2015 2014 Revenues Sales (net) $ 230,000 $ 210,000 Other revenues 8,000 5,000 Total revenues 238,000 215,000 Expenses Cost of goods sold 120,000 103,000 Selling, general, and administrative 55,000 50,000 Interest expense 8,000 7,200 Income tax expense 23,000 22,000 Total expenses 206,000 182,200 Net earnings (net income) 32,000 32,800 Retained earnings, January 1 108,000 83,000 Less: Preferred stock dividends 3,200 3,200 Common stock dividends 4,600 4,600 Retained earnings, December 31 $ 132,200 $ 108,000 Required Calculate the following ratios for 2015 and 2014. When data limitations prohibit computing averages, use year-end balances in your calculations. 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, 2014, were $47,000). (Round your answers to 2 decimal places.) e. Average days to collect accounts receivable. (Round intermediate calculations to 2 decimal places and final answers to the nearest whole number.) f. Inventory turnover (beginning inventory at January 1, 2014, was $140,000). (Round your answers to 2 decimal places.) g. Number of days to sell inventory. (Round intermediate calculations to 2 decimal places and 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. (i.e., .2345 should be entered as 23.45.)) m. Turnover of assets. (Use the total assets of 2014 as the average total assets to compute the 2014 figure.) (Round your answers to 2 decimal places.) n. Return on investment. (Use the total assets of 2014 as the average total assets to compute the 2014 figure.) (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.)) o. Return on equity. (Use the total stockholders' equity of 2014 as the average total stockholders' equity to compute the 2014 figure.) (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.)) 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: 2014, ; 2015, ). (Round intermediate calculations and final answers to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.))