Ratios from Comparative and Common$-$Size Data

Consider the following financial statements for Waverly Company. During $2013,$ management obtained additional bond financing to enlarge its production facilities. The company faced higher production costs

during the year for such things as fuel, materials, and freight. Because of temporary government price controls, a planned price increase on products was delayed several months.

As a holder of both common and preferred stock, you decide to analyze the financial statements:

Required

a$.$ Calculate the following for each year: current ratio, quick ratio, operating$-$cash$-$flow$-$to$-$current liabilities ratio $($current liabilities were $$78,000,000$ at January $1,2012),$ inventory turnover $($inventory was

$$87,000,000$ at January $1,2012),$ debt$-$to$-$equity ratio, times$-$interest$-$earned ratio, return on assets $($total assets were $$493,000,000$ at January $1,2012),$ and return on common stockholders' equity $($common

stockholders' equity was $$236,000,000$ at January $1,2012).$

b$.$ Calculate common$-$size percentages for each year's income statement.

Round answers to two decimal places.

$($Only need assistance with the return percentages$).$