Financial statements for Rundle Company follow.

RUNDLE COMPANY
Balance Sheets
As of December 31
	Year 4	Year 3
Assets
Current assets
Cash	$22,000	$18,000
Marketable securities	21,200	7,200
Accounts receivable (net)	53,000	45,000
Inventories	138,000	146,000
Prepaid items	27,000	12,000
Total current assets	261,200	228,200
Investments	27,000	20,000
Plant (net)	270,000	255,000
Land	30,000	25,000
Total assets	$588,200	$528,200
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$31,800	$13,500
Accounts payable	133,800	120,000
Salaries payable	21,000	15,000
Total current liabilities	186,600	148,500
Noncurrent liabilities
Bonds payable	100,000	100,000
Other	27,000	22,000
Total noncurrent liabilities	127,000	122,000
Total liabilities	313,600	270,500
Stockholders equity
Preferred stock, (par value $10, 4% 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	134,600	117,700
Total stockholders equity	274,600	257,700
Total liabilities and stockholders equity	$588,200	$528,200

RUNDLE COMPANY
Statements of Income and Retained Earnings
For the Years Ended December 31
	Year 4	Year 3
Revenues
Sales (net)	$350,000	$330,000
Other revenues	10,400	7,400
Total revenues	360,400	337,400
Expenses
Cost of goods sold	$175,000	$139,000
Selling, general, and administrative	67,000	62,000
Interest expense	11,600	10,800
Income tax expense	83,000	82,000
Total expenses	336,600	293,800
Net earnings (net income)	$23,800	$43,600
Retained earnings, January 1	117,700	81,000
Less: Preferred stock dividends	2,800	2,800
Common stock dividends	4,100	4,100
Retained earnings, December 31	$134,600	$117,700

Required Calculate the following ratios for Year 1 and Year 2. When data limitations prohibit computing averages, use year-end balances in your calculations.

f. Inventory turnover (beginning inventory at January 1, Year 3, was $152,000). (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 $528,200). (Round your answers to 2 decimal places.) n. Return on investment (average total assets in Year 3 is $528,200). (Round your answers to 2 decimal places.) o. Return on equity (average stockholders' equity in Year 3 is $257,700). (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, $12.35; Year 4, $13.70). (Round your intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places.)

Year 3 a. S Year 4 74,600 1.40 S 79,700 1.54 0.51 0.47 7.14 times 51 days times days % 7.25 times 50 days times days % Working capital b. Current ratio c. Quick ratio d. Receivables turnover (beginning receivables at January 1, Year 3, were $46,000) e. Average days to collect accounts receivable f. Inventory turnover (beginning inventory at January 1, Year 3, was $152,000) g. Number of days to sell inventory n. Debt-to-assets ratio i. Debt-to-equity ratio j Number of times interest was earned Plant assets to long-term debt 1. Net margin m. Turnover of assets (average total assets in Year 3 is $528,200) n. Return on investment (average total assets in Year 3 is $528,200) 0. Return on equity (average stockholders' equity in Year 3 is $257,700) p. Earnings per share (total shares outstanding is unchanged) 9. Book value per share of common stock Price-earnings ratio (market price per share: Year 3, $12.35; Year 4, $13.70) Dividend yield on common stock times times k % % % % % % per share per share per share per share r. S. % %