Selected information follow for Cycle Company:\ \ 2013 2012\ Sales revenue $679,000 $520,000\ Cost of goods sold 411,700 310,000\ Interest expense 22,000 14,000\ Income tax expense 10,200 5,100\ Net income 28,600 20,300\ Cash flow from operating activities 33,500 26,500\ Capital expenditures 44,000 25,000\ Accounts receivable (net), December 31 186,000 128,000\ Inventory, December 31 229,000 180,000\ Stockholders' equity, December 31 209,000 165,000\ Total assets, December 31 464,000 350,000\ \ Required\ Calculate the following ratios for 2013. The 2012 results are given for comparative purposes.\ \ Round answers to one decimal place. Use 365 days in a year.\ \ 2012 2013 \ 1. Gross profit percentage 40.4% Answer\ 0\ %\ 2. Return on assets 6.3% Answer\ 0\ %\ 3. Return on sales 3.9% Answer\ 0\ %\ 4. Return on common stockholders' equity \ (no preferred stock was outstanding) 14.0% Answer\ 0\ %\ 5. Accounts receivable turnover 4.8 Answer\ 0\ 6. Average collection period 76.5 days Answer\ 0\ days\ 7. Inventory turnover 2.1 Answer\ 0\ 8. Times-interest-earned ratio 2.8 Answer\ 0\ 9. Operating-cash-flow-to-capital-expenditures ratio 1.1