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 $21,2007,200$

Accounts receivable $($net$)53,00045,000$

Inventories $138,000146,000$

Prepaid items $27,00012,000$

Total current assets $261,200228,200$

Investments $27,00020,000$

Plant $($net$)270,000255,000$

Land $30,00025,000$

Total assets $ $588,200$ $ $528,200$

Liabilities and Stockholders$$ Equity

Liabilities

Current liabilities

Notes payable $ $31,800$ $ $13,500$

Accounts payable $133,800120,000$

Salaries payable $21,00015,000$

Total current liabilities $186,600148,500$

Noncurrent liabilities

Bonds payable $100,000100,000$

Other $27,00022,000$

Total noncurrent liabilities $127,000122,000$

Total liabilities $313,600270,500$

Stockholders$$ equity

Preferred stock, $($par value $$10,4\%$ cumulative, non$-$participating; $7,000$

shares authorized and issued$)70,00070,000$

Common stock $($no par; $50,000$ shares authorized; $10,000$ shares issued$)70,00070,000$

Retained earnings $134,600117,700$

Total stockholders$$ equity $274,600257,700$

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 $10,4007,400$

Total revenues $360,400337,400$

Expenses

Cost of goods sold $175,000139,000$

Selling, general, and administrative $67,00062,000$

Interest expense $11,60010,800$

Income tax expense $83,00082,000$

Total expenses $336,600293,800$

Net earnings $($net income$)23,80043,600$

Retained earnings, January $1117,70081,000$

Less: Preferred stock dividends $2,8002,800$

Common stock dividends $4,1004,100$

Retained earnings, December $31$ $ $134,600$ $ $117,700$

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 $$46,000).($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 $$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 $3,$ $$12\mathrm{.}35$; Year $4,$ $$13\mathrm{.}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.$)$