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 $6.07 and $4.95, 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.) I. 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.) 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 $6.07 and $4.95, 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.) I. 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 Stuart Company: \begin{tabular}{|c|c|c|c|c|} \hline & \multicolumn{2}{|r|}{ Year 2} & \multicolumn{2}{|r|}{ Year 1} \\ \hline Revenues & $ & 219,900 & $ & 180,700 \\ \hline \multicolumn{5}{|l|}{ Expenses } \\ \hline Cost of goods sold & \multicolumn{2}{|r|}{125,900} & \multicolumn{2}{|r|}{101,300} \\ \hline Selling expenses & \multicolumn{2}{|r|}{20,800} & \multicolumn{2}{|r|}{18,800} \\ \hline General and administrative expenses & \multicolumn{2}{|r|}{9,900} & \multicolumn{2}{|r|}{8,900} \\ \hline Interest expense & \multicolumn{2}{|r|}{1,200} & \multicolumn{2}{|r|}{1,200} \\ \hline Income tax expense & \multicolumn{2}{|r|}{19,700} & \multicolumn{2}{|r|}{16,900} \\ \hline Total expenses & \multicolumn{2}{|r|}{177,500} & \multicolumn{2}{|r|}{147,100} \\ \hline Net income & $ & 42,400 & $ & 33,600 \\ \hline \multicolumn{5}{|l|}{ Assets } \\ \hline \multicolumn{5}{|l|}{ Current assets } \\ \hline Cash & $ & 5,900 & $ & 6,100 \\ \hline Marketable securities & \multicolumn{2}{|r|}{2,800} & \multicolumn{2}{|r|}{2,800} \\ \hline Accounts receivable & \multicolumn{2}{|r|}{35,400} & \multicolumn{2}{|r|}{31,900} \\ \hline Inventories & \multicolumn{2}{|r|}{101,000} & \multicolumn{2}{|r|}{94,100} \\ \hline Prepaid expenses & \multicolumn{2}{|r|}{4,800} & \multicolumn{2}{|r|}{3,800} \\ \hline Total current assets & \multicolumn{2}{|r|}{149,900} & \multicolumn{2}{|r|}{138,700} \\ \hline Plant and equipment (net) & \multicolumn{2}{|r|}{106,300} & \multicolumn{2}{|r|}{106,300} \\ \hline Intangibles & \multicolumn{2}{|r|}{20,900} & & \\ \hline Total assets & $ & 277,100 & $ & 245,000 \\ \hline Liabilities and Stockholders' Equity & & & & \\ \hline \begin{tabular}{l} Liabilities \\ Current liabilities \end{tabular} & & & & \\ \hline Accounts payable & $ & 39,700 & $ & 34,900 \\ \hline Other & & 15,900 & & 16,100 \\ \hline Total current liabilities & & 55,600 & & 51,000 \\ \hline Bonds payable & & 65,300 & & 66,300 \\ \hline Total liabilities & & 120,900 & & 117,300 \\ \hline Stockholders' equity & & & & \\ \hline Common stock (48,000 shares) & & 113,700 & & 113,700 \\ \hline Retained earnings & & 42,500 & & 14,000 \\ \hline Total stockholders' equity & & 156,200 & & 127,700 \\ \hline Total liabilities and stockholders' equity & $ & 277,100 & $ & 245,000 \\ \hline \end{tabular}