Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Year 2 $ 220,200 125,900 19,900 Year 1 $ 183,300 101,500 17,900 9,500 8,500 1,400 1,400 19,100 17,600 175,800 146,900 Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (47,000 shares) Retained earnings Total stockholders' equity $ 44,400 $ 36,400 $ 5,700 2,700 36,300 201,000 $ 6,400 2,700 3,600 249,300 105,800 20,800 $ 375,900 30,600 198,000 2,600 240,300 105,800 0 $ 346,100 $ 39,700 $ 34,500 15,800 15,100 55,500 49,600 46,000 66,500 101,500 116,100 124,000 124,000 150,400 106,000 274,400 230,000 $ 375,900 $ 346,100 Total liabilities and stockholders' equity 46000 Required Calculate the following ratios for Year 1 and Year 2. When data limitations prohibit computing averages, use year-end balances in your calculations.