REVNIK COMPANY Balance Sheets As of December 31
	2015			2014
Assets
Current assets
Cash	$	26,000		$	22,000
Marketable securities		22,000			8,000
Accounts receivable (net)		61,000			53,000
Inventories		146,000			154,000
Prepaid items		25,000			10,000
Total current assets		280,000			247,000
Investments		32,000			25,000
Plant (net)		265,000			250,000
Land		30,000			25,000
Total assets	$	607,000		$	547,000
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$	47,600		$	19,300
Accounts payable		83,800			70,000
Salaries payable		23,000			17,000
Total current liabilities		154,400			106,300
Noncurrent liabilities
Bonds payable		120,000			120,000
Other		26,000			21,000
Total noncurrent liabilities		146,000			141,000
Total liabilities		300,400			247,300
Stockholders equity
Preferred stock, (par value $10, 4% cumulative, non-participating; 8,000 shares authorized and issued)		80,000			80,000
Common stock (No par; 50,000 shares authorized; 10,000 shares issued)		80,000			80,000
Retained earnings		146,600			139,700
Total stockholders equity		306,600			299,700
Total liabilities and stockholders equity	$	607,000		$	547,000

REVNIK COMPANY Statements of Income and Retained Earnings For the Years Ended December 31
	2015			2014
Revenues
Sales (net)	$	430,000		$	410,000
Other revenues		12,000			9,000
Total revenues		442,000			419,000
Expenses
Cost of goods sold		215,000			163,000
Selling, general, and administrative		75,000			70,000
Interest expense		14,000			13,200
Income tax expense		123,000			122,000
Total expenses		427,000			368,200
Net earnings (net income)		15,000			50,800
Retained earnings, January 1		139,700			97,000
Less: Preferred stock dividends		3,200			3,200
Common stock dividends		4,900			4,900
Retained earnings, December 31	$	146,600		$	139,700

m.	Turnover of assets. (Use the total assets of 2014 as the average total assets to compute the 2014 figure.) (Round your answers to 2 decimal places.)

n.	Return on investment. (Use the total assets of 2014 as the average total assets to compute the 2014 figure.) (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.))

o.	Return on equity. (Use the total stockholders' equity of 2014 as the average total stockholders' equity to compute the 2014 figure.) (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.))

p.	Earnings per share. (Round your answers to 2 decimal places.)

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

r.	Price-earnings ratio (market price per share: 2014, $12.75; 2015, $14.50). (Round intermediate calculations to 2 decimal places and final answers to 2 decimal places.)

s.	Dividend yield on common stock. (Round your answers to 2 decimal place. (i.e., .2345 should be entered as 23.45.))