Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 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 $ 220,300 Year 2 Year 1 $ 182,400 124,800 102,000 19,200 17,200 10,600 9,600 2,700 2,700 20,100 16,400 177,400 147,900 $ 42,900 $ 34,500 $ 4,300 $ 7,200 2,900 2,900 36,900 30,600 101, 100 95,600 4,600 3,600 149,800 139,900 105,500 105,500 0 21,100 $ 276,400 $ 245,400 $ 39,300 $ 35,900 16,500 15,000 55,800 50,900 65,300 66,300 121,100 117,200 114,900 114,900 40,400 155,300 Total liabilities and stockholders' equity $ 276,400 Stockholders' equity Common stock (45,000 shares) Retained earnings Total stockholders' equity 13,300 128,200 $ 245,400 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 $6.10 and $4.84, 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. Exclude extraordinary income in the calculation as they cannot be expected to recur and, therefore, will not be available to satisfy future interest payments. (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.) a. Net margin b. Return on investment C. Return on equity Year 2 Year 1 % % % % % % d. Earnings per share e. Price-earnings ratio times times f. Book value per share of common stock f. Book value per share of common stock g. Times interest earned times times h. Working capital i. Current ratio j. Quick (acid-test) ratio k. Accounts receivable turnover times times I. Inventory turnover times times m. Debt-to-equity ratio n. Debt-to-assets ratio % %