Hello,

Please help thank you

Ratio Analysis of Comparative Financial Statements

A comparative income statement and balance sheet of Miller Electronics Corporation for the last two years are shown.

Miller Electronics Corporation Comparative Income Statement For Years Ended December 31, 20-2 and 20-1
	20-2		20-1
Net Sales (all on account)		$654,730		$420,830
Cost of goods sold		383,660		250,940
Gross profit		$271,070		$169,890
Administrative expenses		$64,730		$42,624
Selling expenses		66,759		44,236
Total operating expenses		$131,489		$86,860
Operating income		$139,581		$83,030
Interest expense		1,289		1,208
Income before income taxes		$138,292		$81,822
Income tax expense		30,476		13,899
Net income		$107,816		$67,923

Miller Electronics Corporation Comparative Balance Sheet December 31, 20-2 and 20-1
	20-2		20-1
Assets
Current assets:
Cash		$43,727		$22,837
Receivables (net)		72,045		46,890
Merchandise inventory		90,314		49,804
Supplies and prepayments		3,885		1,155
Total current assets		$209,971		$120,686
Property, plant, and equipment:
Office equipment (net)		$11,716		$8,120
Factory equipment (net)		105,191		70,990
Total property, plant, and equipment		116,907		$79,110
Total assets		$326,878		$199,796
Liabilities
Current liabilities
Notes payable		$10,090		$5,890
Accounts payable		42,990		30,489
Accrued and withheld payroll taxes		6,143		5,253
Total current liabilities		$59,223		$41,632
Stockholders' Equity
Common stock ($10 par)		$100,000		$84,000
Retained earnings		167,655		74,164
Total stockholders' equity		$267,655		$158,164
Total liabilities and stockholders' equity		$326,878		$199,796

Required:

Calculate the following ratios and amounts for 20-1 and 20-2. Round all calculations to two decimal places.

(a)	Return on assets (Total assets on January 1, 20-1, were $169,526.)
(b)	Return on common stockholders' equity (Total common stockholders' equity on January 1, 20-1, was $106,574.)
(c)	Earnings per share of common stock (The average numbers of shares outstanding were 8,400 shares in 20-1 and 9,200 in 20-2.)
(d)	Book value per share of common stock
(e)	Quick ratio
(f)	Current ratio
(g)	Working capital
(h)	Receivables turnover and average collection period (Net receivables on January 1, 20-1, were $39,390.)
(i)	Merchandise inventory turnover and average number of days to sell inventory (Merchandise inventory on January 1, 20-1, was $48,234.)
(j)	Debt-to-equity ratio
(k)	Asset turnover (Assets on January 1, 20-1, were $169,526.)
(l)	Times interest earned ratio
(m)	Profit margin ratio
(n)	Assets-to-equity ratio
(o)	Price-earnings ratio (The market price of the common stock was $100.00 and $85.00 on December 31, 20-2 and 20-1, respectively.)

a. Return on assets:
20-2	fill in the blank 1 %
20-1	fill in the blank 2 %
b. Return on common stockholders' equity:
20-2	fill in the blank 3 %
20-1	fill in the blank 4 %
c. Earnings per share of common stock:
20-2	$fill in the blank 5
20-1	$fill in the blank 6
d. Book value per share of common stock:
20-2	$fill in the blank 7
20-1	$fill in the blank 8
e. Quick ratio:
20-2	fill in the blank 9 to 1
20-1	fill in the blank 10 to 1
f. Current ratio:
20-2	fill in the blank 11 to 1
20-1	fill in the blank 12 to 1
g. Working capital:
20-2	$fill in the blank 13
20-1	$fill in the blank 14
h. Receivables turnover:
20-2	fill in the blank 15 to 1
20-1	fill in the blank 16 to 1
Average collection period:
20-2	fill in the blank 17 days
20-1	fill in the blank 18 days
i. Merchandise inventory turnover:
20-2	fill in the blank 19 to 1
20-1	fill in the blank 20 to 1
Average number of days to sell inventory:
20-2	fill in the blank 21 days
20-1	fill in the blank 22 days
j. Debt-to-equity ratio:
20-2	fill in the blank 23 to 1
20-1	fill in the blank 24 to 1
k. Asset turnover:
20-2	fill in the blank 25 to 1
20-1	fill in the blank 26 to 1
l. Times interest earned ratio:
20-2	fill in the blank 27 times
20-1	fill in the blank 28 times
m. Profit margin ratio:
20-2	fill in the blank 29 %
20-1	fill in the blank 30 %
n. Assets-to-equity ratio:
20-2	fill in the blank 31 to 1
20-1	fill in the blank 32 to 1
o. Price-earnings ratio:
20-2	fill in the blank 33
20-1	fill in the blank 34