Howie Stars produces stars for elementary teachers to give to their students as rewards. Howie Stars trial balance on June 1 follows:

Account	Debit	Credit
Cash	$14,000
Accounts Receivable	155,000
Inventories:
Raw Materials	5,700
Work in Process	39.400
Finished Goods	20,400
Plant Assets	200,000
Accumulated Depreciation		72,000
Accounts Payable		127,000
Wages Payable		1,700
Common Stock		142,000
Retained Earnings		91,800
Sales Revenue
Cost of Goods Sold
Manufacturing Overhead
Selling and Administration Expenses
Total	$434,500	$434,500

June 1 balances in the subsidiary ledgers were as follows:

Raw Material Inventory subsidiary ledger:

Paper $4,700

Indirect material $1,000

WIP subsidiary ledgers:

Job 120 $39,400

Job 121 $0

FG Inventory Subsidiary Ledgers:

Large Stars $9,400

Small Stars $11,000

June transactions are summarized as follow:

Collections on account $152,000

Selling and Administrative expenses incurred and paid $28,000

Payments on account $36,000

Materials purchases on account: Paper $22,900, indirect materials $3,800

Materials requisitioned and used in production:

Job 120 Paper $850

Job 121 Paper $7,650

Indirect Materials $1,000

Wages incurred during June $35,000 Labor time records for the month Job 120: $3,500, Job 121 $16,600, indirect labor $14,900

Wages paid in June include the balance in Wages Payable at May 31, plus $32,200 of wages incurred during June.

Depreciation on plant and equipment 42,600

Manufacturing overhead allocated at the predetermined overhead allocation rate of 50% of direct labor cost.

Jobs completed during the month Job 120 300,000 large stars

Sales on account Job 120 $111,000

Adjusted for over allocated or under allocated manufacturing overhead.

Calculate the following ratios:

Current Ratio

Inventory Turnover

Days sales in inventory

Gross Profit Percentage

Profit Margin Ratio