Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when calculating the ratios for Year 1. Instead, use the number presented on the Year 1 balance sheet. a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity. (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of Year 1 and Year 2 were $6.04 and $4.85, respectively). (Round your intermediate calculations and final answers to 2 decimal places.) f. Book value per share of common stock. (Round your answers to 2 decimal places.) g. Times interest earned. (Round your answers to 2 decimal places.) h. Working capital. i. Current ratio. (Round your answers to 2 decimal places.) j. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) k. Accounts receivable turnover. (Round your answers to 2 decimal places.) l. Inventory turnover. (Round your answers to 2 decimal places.) m. Debt-to-equity ratio. (Round your answers to 2 decimal places.) n. Debt-to-assets ratio. (Round your answers to the nearest whole percent.)

The following financial statements apply to Perez Company: \begin{tabular}{|c|c|c|} \hline & Year 2 & Year 1 \\ \hline Revenues & $219,600 & $183,400 \\ \hline \multicolumn{3}{|l|}{ Expenses } \\ \hline Cost of goods sold & 125,800 & 102,600 \\ \hline Selling expenses & 19,300 & 17,300 \\ \hline General and administrative expenses & 10,000 & 9,000 \\ \hline Interest expense & 1,000 & 1,000 \\ \hline Income tax expense & 19,200 & 17,200 \\ \hline Total expenses & 175,300 & 147,100 \\ \hline Net income & $44,300 & $36,300 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & 5,300 & 6,300 \\ \hline Marketable securities & 2,200 & 2,200 \\ \hline Accounts receivable & 35,900 & 30,200 \\ \hline Inventories & 101,300 & 95,600 \\ \hline Prepaid expenses & 3,000 & 2,000 \\ \hline Total current assets & 147,700 & 136,300 \\ \hline Plant and equipment (net) & 107,000 & 107,000 \\ \hline Intangibles & 21,800 & 0 \\ \hline Total assets & $276,500 & $243,300 \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{\begin{tabular}{l} Liabilities and Stockholders' Equity \\ Liabilities \end{tabular}}} \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline Accounts payable & $38,800 & $35,100 \\ \hline Other & 16,300 & 15,600 \\ \hline Total current liabilities & 55,100 & 50,700 \\ \hline Bonds payable & 65,700 & 66,700 \\ \hline Total liabilities & 120,800 & 117,400 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity } \\ \hline Common stock (44,000 shares ) & 113,500 & 113,500 \\ \hline Retained earnings & 42,200 & 12,400 \\ \hline Total stockholders' equity & 155,700 & 125,900 \\ \hline Total liabilities and stockholders' eq & $276,500 & $243,300 \\ \hline \end{tabular}