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Required Calculate the following ratios for 2015 and 2014. When data limitations prohibit computing averages, use year-end balances in your calculations. A. Receivables turnover (beginning

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Calculate the following ratios for 2015 and 2014. When data limitations prohibit computing averages, use year-end balances in your calculations.

A. Receivables turnover (beginning receivables at January 1, 2014 were $43,000) (Round your answers to 2 decimal places.)

B. Average days to collect accounts receivable. ( Round intermediate calculations to 2 decimal places and final answers to the nearest whole number.)

C. Inventory Turnover (beginning inventory at January 1, 2014, was $149,000) ( Round your answers to 2 decimal places.)

D. Number of days to sell inventory. ( Round intermediate calculations to 2 decimal places and final answers to the nearest whole number.)

E. Debt to assets ratio. ( Round your answers to 2 decimal places. (i.e., 2345 should be entered as 23.45.))

F. Debt to equity ratio. (Round your answers to 2 decimal places.)

G. Number of times interest was earned. (Round your answers to 2 decimal places.)

H. Plant assets to long-term debt.

I. Net margin. (Round your answers to 2 decimal places. (i.e., 2345 should be entered as 23.45.))

REVNIK COMPANY Balance Sheets As of December 31 2015 2014 Assets Current assets Cash Marketable securities Accounts receivable (net) $ 20,500 S16,500 6,900 42,000 143,000 14,000 20,900 50,000 135,000 29,000 Prepaid items Total current assets Investments Plant (net) Land 255,400 27,000 270,000 27,000 222,400 20,000 255,000 22,000 Total assets $579,400 $519,400 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable $ 27,200 10,800 45,000 18,000 58,800 24,000 Total current liabilities 110,000 73,800 Noncurrent liabilities 130,000 130,000 Bonds payable Other 33,000 163,000 273,000 28,000 158,000 231,800 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 5% cumulative, non-participating: 9,000 shares authorized and ssued) 90,000 90,000 Common stock (No par, 50,000 shares authorized; 10,000 shares issued) 90,000 126,400 90,000 Retained earnings 107,600 287,600 $579,400 $519,400 Total stockholders' equity 306,400 Total liabilities and stockhokders' equity

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