The balance sheet and income statement for Joe's Fish Hut are presented below:

Joe's Fish Hut Balance Sheet As at February 28
	2013	2012
ASSETS
Current Assets
Cash	$171,640	$53,300
Accounts receivable	$20,500	$11,800
Inventory	$21,300	$26,800
Total Current Assets	$213,440	$91,900
Property, plant & equipment	$136,000	$183,000
Less: Accumulated depreciation	$-26,700	$-20,500
TOTAL ASSETS	$322,740	$254,400
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$32,700	$42,400
Current portion of bank loan	$9,200	$9,200
Total Current Liabilities	$41,900	$51,600
Long-term portion of bank loan	$81,000	$46,000
TOTAL LIABILITIES	$122,900	$97,600
Stockholders' Equity
Common stock	$81,000	$57,200
Retained earnings	$118,840	$99,600
TOTAL STOCKHOLDERS' EQUITY	$199,840	$156,800
TOTAL LIABILITIES AND EQUITY	$322,740	$254,400

Joe's Fish Hut Income Statement For the Year Ended February 28, 2013
Sales	$137,000
COGS	$87,200
Gross Profit	$49,800
Operating Expenses
Insurance Expense	$1,500
Rent Expense	$4,310
Salaries Expense	$5,850
Telephone Expense	$790
Interest Expense	$1,550
Depreciation Expense	$6,200
Total Operating Expenses	$20,200
Operating Profit Before Tax	$29,600
Income Tax Expense	$10,360
Net Profit (Loss)	$19,240

Complete the following ratio analysis.

Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the gross profit margin for the 2013. Gross Profit Margin: Answer % b) Calculate EBIT as a percentage of sales for 2013. EBIT Percentage of Sales: Answer % c) Calculate the interest coverage ratio for 2013. Interest Coverage Ratio: Answer times d) Calculate the net profit margin for 2013. Net Profit Margin: Answer % e) Calculate the return on equity for 2013. Return on Equity: Answer % f) Calculate the return on assets for 2013. Return on Assets: Answer % g) Calculate the asset turnover ratio for 2013. Asset turnover: Answer times h) Calculate the current ratio for 2013. Current Ratio: Answer i) Calculate the quick ratio for 2013. Quick Ratio: Answer j) Calculate the debt to equity ratio for 2013. Debt to Equity Ratio: Answer k) Calculate the days sales outstanding ratio for 2013. Assume all sales are credit sales. Days sales outstanding: Answer days l) Calculate the accounts receivable turnover for 2013. Assume all sales are credit sales Accounts Receivable turnover: Answer times m) Calculate the inventory days on hand ratio for 2013. Inventory Days on Hand: Answer days n) Calculate the inventory turnover for 2013. Inventory turnover: Answer times