Ratio Analysis Byers Company presents the following condensed income statement for 2019 and condensed December 31, 2019, balance sheet: Income Statement Sales (net) $267,000 Less: Cost of goods sold Operating expenses Interest expense $160,000 62,000 11,000 10,000 Income taxes Total expenses (243,000) $24,000 Net income Cash Receivables (net) Inventory Long-term investments Property and equipment (net) Total Assets Balance Sheet $10,000 Current liabilities $40,000 22,000 Bonds payable, 10% 110,000 56,000 Common stock, $10 par 100,000 30,000 Additional paid-in capital 95,000 282,000 Retained earnings 55,000 $400,000 Total Liabilities and Shareholders' Equity $400,000 Additional information: 1. The company's common stock was outstanding the entire year. Additional information: 1. The company's common stock was outstanding the entire year. 2. Dividends of $1.50 per share on the common stock were declared in 2019. 3. On December 31, 2019, common stock is selling for $20 per share. 4. On January 1, 2019, the accounts receivable (net) balance was $24,000, total assets amounted to $380,000, and total shareholders' equity was $241,000. 5. Of the company's net sales, 78% are on credit. 6. The company operates on a 365-day business year. Required On the basis of the preceding information, compute the following ratios for the Byers Company: (Round to two decimal places.) 1. Earnings per share: 2.4 2. Gross profit margin: 40.07 % $ 3. Operating profit margin: 16.85% 4. Net profit margin: 8.98 X % 68.46 X times 5. Total asset turnover: 6. Return on assets (Round tax rate to the nearest whole percent in your intermediate calculations.) 7. Return on common equity 8.97 X % 9.77 X % 8. Receivables turnover (in days): (Round your intermediate calculation to two decimal places.) 40 X days 9. Interest coverage: (in times) 4.09 times