The comparative financial statements prepared at December 31, 2020, for Knight Company showed the following summarized data:

2020 2019

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 2020, cash dividends amounting to $3,000 were declared and paid.

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

Required: Compute the ratios for the year 2020 based on the information for the Knight Company. Compute Return on equity (ROE), Return on assets (ROA), Financial leverage percentage, Earnings per share (EPS), Profit margin, Fixed asset turnover ratio, Current ratio, quick ratio, receivable turnover ratio, inventory turnover ratio, Times interest earned ratio, Debt to equity ratio, Price/ earnings (P/E) ratio, Dividend yeild ratio.