* I need f,too. Its asking for the Inventory Turnover. (January 1st, Year 3. $148,000)

Financial statements for Gibson Company follow GIBSON COMPANY Balance Sheets As of December 31 Year 4 Year 3 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items $ 20,000 20, 800 49,000 134, 28, 251, 8 32,000 295,000 29, $67, 800 16, 000 6,800 41,000 142,000 13,000 218, 80G 25, 000 280, 00 24,000 $547, 8 Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable $ 31,600 113, 8 23,000 168, 4 17,700 17, 134,70G Total current liabilities Noncurrent 1iabilities Bonds payable Other 120, 32, 152,000 120, 27,000 147, Total noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities 120,966 32, 152,000 320, 4 120,966 27,000 147, 281,700 Stockholders' equity Preferred stock, (par value $10, 4% cumulative, non-participating: 8,000 shares authorized and issued) Common stock (no par; 50, shares authorized; 10,00 shares issued) Retained earnings 80,000 80, 127,400 287,400 $67, 800 80,000 80, Total stockholders' equity Total liabilities and stockholders' equity 266, 1 $547,800 GIBSON COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 Year 4 Year3 Revenues Sales (net) Other revenues $310,000 9,600 319, 6 $290, 6,600 296, 6 Total revenues Expenses Cost of goods sold Selling, general, and administrative Interest expense Income tax expense 155, 63, 10, 400 63, 291, 40G 28, 2 106, 1 3, 2 3, 7 $127,400 127, 58, 000 9,600 62, 256, 6 40,000 73,000 3, 2 3, 7 $106,100 Total expenses Net earnings (net income) Retained earnings, January 1 Less: Preferred stock dividends Common stock dividends Retained earnings, December 31 . mventory turnover (beginning inventory at January 1, Year 3, was 14 ,000). (Round your answers to 2 decimal paces. g. Number of days to sell inventory. (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.) I. Net margin. (Round your answers to 2 decimal places.) m. Turnover of assets. (Round your answers to 2 decimal places.) n. Return on investment. (Round your answers to 2 decimal places.) o. Return on equity. (Round your answers to 2 decimal places.) p. Earnings per share. (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, $12.15; Year 4, $13.30). (Round your intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places.)