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Given below are comparative balance sheets and an income statement for Claret Corporation.

CLARET CORPORATION Balance Sheets - 2015
	Dec. 31	Jan. 1
Cash	$ 16,600	$ 16,600
Accounts receivable	$ 48,100	$ 39,700
Inventory	$ 33,500	$ 37,400
Equipment (Net)	$ 58,200	$ 67,300
	$ 156,400	$ 161,000
Accounts payable	27,000	29,600
Dividends payable	8,800	4,900
Long-term note payable	15,300	15,300
Capital stock, $5 par	73,800	73,800
Retained earnings	31,500	37,400
	$ 156,400	$ 161,000

CLARET CORPORATION Income Statement For the year ended 2015
Sales	$ 229,800
Cost of goods sold	(137,640)
Gross profit on sales	$ 92,160
Operating expenses	(75,968)
Operating income	$ 16,192
Interest income and income taxes	(9,600)
Net income	$ 6,592

All sales were made on account. Cash dividends declared during the year totaled $12,492.

86.

Required information

Claret Corporation's return on assets for 2015 rounded to the nearest tenth of a percent is:

6.09%.

4.15%.

17.09%.

10.20%.

87.

Required information

Claret Corporation's return on common stockholders' equity for 2015, rounded to the nearest tenth of a percent, is:

6.09%.

6.24%.

14.96%.

10.20%.

88.

Required information

Claret Corporation's accounts receivable turnover for 2015 is:

5.79 times.

5.23 times.

4.78 times.

70 days.

89.

Required information

Claret Corporation's inventory turnover for 2015 is:

3.68 times.

3.88 times.

4.11 times.

94.10 days.

90.

Required information

Claret Corporation's gross profit rate for 2015 is:

59.90%.

40.10%.

33.06%.

66.96%.