Statement of Income and Retained Earnings For the Years Ended December 31 2012 2011 Revenues Sales (net) $230,000 $210,000 Other revenues 8,000 5,000 Total revenues 238,000 215,000 Expenses 120,000 103,000 Selling, general, and administrative expenses 55,000 50,000 Interest expense 8,000 7,200 Income tax expense 23,000 22,000 Total expenses 206,000 182,200 Net earnings (net income) 32,000 32,800 Retained earnings, January 1 108,000 83,000 Less: Preferred stock dividends 2,800 2,800 Common stock dividends 5,000 5,000 Retained earnings, December 31 $132,000 $108,000 Use the financial statements for Bernard Company from problem 9-22 to calculate the4 following for 2012 amd 2011. a. Accounts receivable turnover (beginning receivables at January 1, 2011, were $47,000) b Average number of days to sell inventory, c. Times interest earned d. Plant assets to long-term debt e. Asset turnover f. Quick ratio g. Earnings per share h. Book value per share of common stock i. Divided yield on common stock