Revenues

Sales $($net$)$ $ $230,000$ $ $210,000$

Other revenues $8,0005,000$

Total revenues $238,000215,000$

Expenses

Cost of goods sold $120,000103,000$

Selling, general, and administrative $55,00050,000$

Interest expense $8,0007,200$

Income tax expense $23,00022,000$

Total expenses $206,000182,200$

Net earnings $($net income$)32,00032,800$

Retained earnings, January $1132,000107,000$

Less: Preferred stock dividends $3,2003,200$

Common stock dividends $4,6004,600$

Retained earnings, December $31$ $ $156,200$ $ $132,000$

Required

Calculate the following ratios for Year $4$ and Year $3.$

Working capital.

Current ratio. $($Round your answers to $2$ decimal places.$)$

Quick ratio. $($Round your answers to $2$ decimal places.$)$

Receivables turnover $($beginning receivables at January $1,$ Year $3,$ were $$47,000).($Round your answers to $2$ decimal places.$)$

Average days to collect accounts receivable. $($Use $365$ days in a year. Round your intermediate calculations to $2$ decimal places and your final answers to the nearest whole number.$)$

Inventory turnover $($beginning inventory at January $1,$ Year $3,$ was $$140,000).($Round your answers to $2$ decimal places.$)$

Number of days to sell inventory. $($Use $365$ days in a year. Round your intermediate calculations to $2$ decimal places and your final answers to the nearest whole number.$)$

Debt$-$to$-$assets ratio. $($Round your answers to the nearest whole percent.$)$

Debt$-$to$-$equity ratio. $($Round your answers to $2$ decimal places.$)$

Number of times interest was earned. $($Round your answers to $2$ decimal places.$)$

Plant assets to long$-$term debt. $($Round your answers to $2$ decimal places.$)$

Net margin. $($Round your answers to $2$ decimal places.$)$

Turnover of assets $($average total assets in Year $3$ is $$540,000).($Round your answers to $2$ decimal places.$)$

Return on investment $($average total assets in Year $3$ is $$540,000).($Round your answers to $2$ decimal places.$)$

Return on equity $($average stockholders' equity in Year $3$ is $$292,000).($Round your answers to $2$ decimal places.$)$

Earnings per share $($total shares outstanding is unchanged$).($Round your answers to $2$ decimal places.$)$

Book value per share of common stock. $($Round your answers to $2$ decimal places.$)$

Price$-$earnings ratio $($market price per share: Year $3,$ $$11\mathrm{.}75$; Year $4,$ $$12\mathrm{.}50).($Round your intermediate calculations and final answer to $2$ decimal places.$)$

Dividend yield on common stock. $($Round your answers to $2$ decimal places.$)$