The comparative financial statements prepared at December 31, 2015, for King Company showed the following summarized data:

2015 2014

Income Statement

Sales revenue $180,000* $165,000

Cost of goods sold 110,000 100,000

Gross margin 70,000 65,000

Operating expenses & interest expense 56,000 53,000

Pretax income 14,000 12,000

Income tax 3,500 3,000

Net income $ 10,500 $ 9,000

Balance Sheet

Cash $ 4,000 $ 8,000

Accounts receivable (net) 14,000 18,000

Inventory 40,000 35,000

Operational assets (net) 45,000 38,000

Total Assets $103,000 $ 99,000

Current liabilities (no interest) $ 11,000 $ 19,000

Long-term liabilities (10% interest) 50,000 45,000

Common stock (par value $5) 30,000 30,000

Retained earnings 12,000** 5,000

Total Liabilities & Stockholders Equity $ 103,000 $ 99,000

*One-third was credit sales.

**During 2015, cash dividends amounting to $3,000 were declared and paid.

Note: The stock price is currently selling at $20 per share.

Required: Compute the following 10 ratios for 2015 based on the information for the King Company (show all of your work):

1) Return on assets

2) Earnings per share

3) Profit margin

4) Current ratio

5) Quick ratio

6) Inventory turnover ratio

7) Times interest earned ratio

8) Debt-to-equity ratio

9) Price/earnings ratio

10) Dividend yield ratio