Financial statements for Thornton Company follow. Required Calculate the following ratios for Year 4 and Year 3 . Since Year 2 numbers are not presented do not use averages when calculating the ratios for Year 3 . Instead, use the number presented on the Year 3 balance sheet. Note: Round ratio answers to 2 decimal places unless otherwlse Indlcated. . Working capltal. b. Current ratio. c. Quick ratlo. d. Receivables turnover (beginning recelvables at January 1, Year 3 , were $50,000 ). e. Average days to collect accounts recelvable. Note: Use 365 days In e year. Round your Intermedlate calculations to 2 declmal places and your final answers to the nearest whole number. f. Inventory turnover (beginning inventory at January 1, Year 3, was $156,000 ). g. Number of days to sell inventory. Note: Use 365 days In a year. Round your Intermedlate calculatlons to 2 declmal places and your final answers to the nearest whole number. h. Debt-to-assets ratio. Note: Round your answers to the nearest whole percent. 1. Debt-to-equity ratio. J. Number of umes interest was earned. k. Plant assets to long-term debt. 1. Net margin. m. Turnover of assets (average total assets in Year 3 is $551,600 ). n. Return on Investment (average total assets in Year 3 is $551,600 ). o. Return on equity (average stockholders' equity in Year 3 is $249,300 ). p. Earnings per share (total shares outstanding is unchanged). q. Book value per share of common stock. r. Price-earnings ratio (market price per share: Year 3,$12,55 : Year 4, $14.10 ). Note: Round your Intermediate calculations and final answer to 2 decimal pleces. s. Dividend yleid on common stock. THORNTON COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 Revenues Sales (net) other revenues Total revenues Expenses cost of goods sold selling, general, and administrative Interest expense Income tax expense Total expenses Net earnings (net income) Retained earnings, January 1 Less: Preferred stock dividends common stock dividends Retained earnings, December 31 Year 4 \begin{tabular}{rr} $390,000 & $370,000 \\ 11,200 & 8,200 \\ \hline 491,200 & 378,200 \\ \hline 195,000 & 151,000 \\ 71,000 & 66,000 \\ 12,800 & 12,000 \\ 103,000 & 102,00 \\ \hline 381,860 & 331,000 \\ \hline 19,400 & 47,200 \\ 129,300 & 89,000 \\ 2,400 & 2,400 \\ 4,500 & 4,500 \\ \hline$141,800 & $129,300 \\ \hline \end{tabular}