Financial statements for Walton Company follow.

WALTON COMPANY
Balance Sheets As of December 31
	2019				2018
Assets
Current assets
Cash	$	25,000			$	21,000
Marketable securities		21,800				7,800
Accounts receivable (net)		59,000				51,000
Inventories		144,000				152,000
Prepaid items		28,000				13,000
Total current assets		277,800				244,800
Investments		27,000				20,000
Plant (net)		270,000				255,000
Land		28,000				23,000
Total assets	$	602,800			$	542,800
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$	41,600			$	15,700
Accounts payable		103,800				90,000
Salaries payable		21,000				15,000
Total current liabilities		166,400				120,700
Noncurrent liabilities
Bonds payable		100,000				100,000
Other		33,000				28,000
Total noncurrent liabilities		133,000				128,000
Total liabilities		299,400				248,700
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		143,400				134,100
Total stockholders equity		303,400				294,100
Total liabilities and stockholders equity	$	602,800			$	542,800

WALTON COMPANY
Statements of Income and Retained Earnings For the Years Ended December 31
	2019				2018
Revenues
Sales (net)	$	410,000			$	390,000
Other revenues		11,600				8,600
Total revenues		421,600				398,600
Expenses
Cost of goods sold		205,000				157,000
Selling, general, and administrative		73,000				68,000
Interest expense		13,400				12,600
Income tax expense		113,000				112,000
Total expenses		404,400				349,600
Net earnings (net income)		17,200				49,000
Retained earnings, January 1		134,100				93,000
Less: Preferred stock dividends		3,200				3,200
Common stock dividends		4,700				4,700
Retained earnings, December 31	$	143,400			$	134,100

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 $52,000). (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 $158,000). (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, $12.65; 2019, $14.30). (Round your intermediate calculations and final answer to 2 decimal places.)
19. Dividend yield on common stock. (Round your answers to 2 decimal places.)