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I need help with K. through S. PLEASE! Financial statements for Solomon Company follow. SOLOMON COMPANY Balance Sheets As of December 31 2019 2018 Assets

I need help with K. through S. PLEASE!

Financial statements for Solomon Company follow.

SOLOMON COMPANY
Balance Sheets As of December 31
2019 2018
Assets
Current assets
Cash $ 23,000 $ 19,000
Marketable securities 21,400 7,400
Accounts receivable (net) 55,000 47,000
Inventories 140,000 148,000
Prepaid items 29,000 14,000
Total current assets 268,400 235,400
Investments 32,000 25,000
Plant (net) 280,000 265,000
Land 32,000 27,000
Total assets $ 612,400 $ 552,400
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable $ 35,400 $ 13,900
Accounts payable 88,800 75,000
Salaries payable 23,000 17,000
Total current liabilities 147,200 105,900
Noncurrent liabilities
Bonds payable 120,000 120,000
Other 29,000 24,000
Total noncurrent liabilities 149,000 144,000
Total liabilities 296,200 249,900
Stockholders equity
Preferred stock, (par value $10, 4% cumulative, non-participating; 9,000 shares authorized and issued) 90,000 90,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued) 90,000 90,000
Retained earnings 136,200 122,500
Total stockholders equity 316,200 302,500
Total liabilities and stockholders equity $ 612,400 $ 552,400
SOLOMON COMPANY
Statements of Income and Retained Earnings For the Years Ended December 31
2019 2018
Revenues
Sales (net) $ 370,000 $ 350,000
Other revenues 10,800 7,800
Total revenues 380,800 357,800
Expenses
Cost of goods sold 185,000 145,000
Selling, general, and administrative 69,000 64,000
Interest expense 12,200 11,400
Income tax expense 93,000 92,000
Total expenses 359,200 312,400
Net earnings (net income) 21,600 45,400
Retained earnings, January 1 122,500 85,000
Less: Preferred stock dividends 3,600 3,600
Common stock dividends 4,300 4,300
Retained earnings, December 31 $ 136,200 $ 122,500

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 $48,000). (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 $154,000). (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, $12.45; 2019, $13.90). (Round your intermediate calculations and final answer to 2 decimal places.)
  19. Dividend yield on common stock. (Round your answers to 2 decimal places.)

Answer is not complete.

2019 2018
a. Working capital $121,200 correct $129,500 correct
b. Current ratio 1.82 correct 2.22 correct
c. Quick ratio 0.68 correct 0.69 correct
d. Receivables turnover 7.25 correct times 7.37 correct times
e. Average days to collect accounts receivable 50 days 50 days
f. Inventory turnover 1.28 times 0.96 times
g. Average days to sell inventory 285 days 380 days
h. Debt to assets ratio 48 % 45 %
i. Debt to equity ratio 0.94 0.83
j. Number of times interest earned 10.39 times 13.05 times
k. Plant assets to long-term debt
l. Net margin % %
m. Asset turnover
n. Return on investment % %
o. Return on equity % %
p. Earnings per share per share per share
q. Book value per share per share per share
r. Price-earnings ratio
s. Dividend yield % %

I need answers to K through S Please!

Balance sheet numbers for 2018 are on the right column, 2019 on the left column.

Please help!

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