Required Calculate the following ratios for Year 4 and Year 3. Since Year 2 numbers are not presented do not use averages when calculating the ratios for Year 3. Instead, use the number presented on the Year 3 balance sheet. Note: Round ratio answers to 2 decimal places unless otherwise indicated. a. Working capital. b. Current ratio. c. Quick ratio. d. Receivables turnover (beginning receivables at January 1, Year 3, were $52,000 ). e. Average days to collect accounts receivable. Note: Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number. f. Inventory turnover (beginning inventory at January 1 , Year 3 , was $158,000 ). 12 \begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} WALTON COMPANY \\ Balance Sheets As of December 31 \end{tabular} & & \\ \hline & Year 4 & Year 3 \\ \hline Assets & & \\ \hline Current assets & & \\ \hline Cash & $25,000 & $21,000 \\ \hline Marketable securities & 21,800 & 7,800 \\ \hline Accounts receivable (net) & 59,000 & 51,000 \\ \hline Inventories & 144,000 & 152,000 \\ \hline Prepaid items & 28,000 & 13,000 \\ \hline Total current assets & 277,800 & 244,800 \\ \hline Investments & 27,000 & 20,000 \\ \hline Plant (net) & 270,000 & 255,000 \\ \hline Land & 28,000 & 23,000 \\ \hline Total assets & $602,800 & $542,800 \\ \hline Liabilities and Stockholders' Equity & & \\ \hline Liabilities & & \\ \hline Current liabilities & & \\ \hline Notes payable & $41,600 & $15,700 \\ \hline Accounts payable & 103,800 & 90,000 \\ \hline Salaries payable & 21,000 & 15,000 \\ \hline Total current liabilities & 166,400 & 120,700 \\ \hline Noncurrent liabilities & & \\ \hline Bonds payable & 100,000 & 100,000 \\ \hline Other & 33,000 & 28,000 \\ \hline Total noncurrent liabilities & 133,000 & 128,000 \\ \hline Total liabilities & 299,400 & 248,700 \\ \hline Stockholders' equity & & \\ \hline \begin{tabular}{l} Preferred stock, (par value $10,4% cumulative, non-participating; 8,000 shares \\ authorized and issued) \end{tabular} & 80,000 & 80,000 \\ \hline Common stock (no par; 50,000 shares authorized; 10,000 shares issued) & 80,000 & 80,000 \\ \hline Retained earnings & 143,400 & 134,100 \\ \hline Total stockholders' equity & 303,400 & 294,100 \\ \hline Total liabilities and stockholders' equity & $602,800 & $542,800 \\ \hline \end{tabular} Note: Round your intermediate calculations and final answer to 2 decimal places. s. Dividend yield on common stock. Required Calculate the following ratios for Year 4 and Year 3. Since Year 2 numbers are not presented do not use averages when calculating the ratios for Year 3. Instead, use the number presented on the Year 3 balance sheet. Note: Round ratio answers to 2 decimal places unless otherwise indicated. a. Working capital. b. Current ratio. c. Quick ratio. d. Receivables turnover (beginning receivables at January 1, Year 3, were \$52,000). e. Average days to collect accounts receivable. Note: Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number. f. Inventory turnover (beginning inventory at January 1, Year 3, was $158,000 ). g. Number of days to sell inventory. Note: Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number. h. Debt-to-assets ratio. Note: Round your answers to the nearest whole percent. i. Debt-to-equity ratio. j. Number of times interest was earned. k. Plant assets to long-term debt. I. Net margin. m. Turnover of assets (average total assets in Year 3 is $542,800 ). n. Return on investment (average total assets in Year 3 is $542,800 ). o. Return on equity (average stockholders' equity in Year 3 is $294,100 ). p. Earnings per share (total shares outstanding is unchanged). q. Book value per share of common stock. r. Price-earnings ratio (market price per share: Year 3, \$12.65; Year 4, \$14.30). Note: Round your intermediate calculations and final answer to 2 decimal places. s. Dividend yield on common stock