The comparative financial statements prepared at December 31 for Golden Corporation showed the following summarized data:

	Current			Previous
Income Statement
Sales revenue	$	265,000		$	233,000
Cost of goods sold		144,000			134,000
Gross profit		121,000			99,000
Operating expenses		70,300			64,000
Interest expense		4,400			4,300
Income before income taxes		46,300			30,700
Income tax expense		13,890			4,700
Net income	$	32,410		$	26,000
Balance Sheet
Cash	$	8,210		$	9,700
Accounts receivable (net)		36,000			31,500
Inventory		57,000			52,000
Property and equipment (net)		62,000			55,000
	$	163,210		$	148,200
Current liabilities	$	16,500		$	30,900
Note payable (long-term)		62,000			62,000
Common stock (par $5)		40,200			40,200
Additional paid-in capital		8,400			6,700
Retained earnings*		36,110			8,400
	$	163,210		$	148,200

*During the current year, cash dividends of $4,700 were declared and paid.

a.

Stockholders equity totaled $40,200 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. (Round your answers to 1 decimal place.)

b. Net property and equipment totaled $43,500 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. (Round your answers to 2 decimal places.)

c.

Compute the debt-to-assets ratios for the current and previous years. (Round your answers to 2 decimal places.)

d. Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place.)

e. After Golden released its current years financial statements, the companys stock was trading at $47. After the release of its previous years financial statements, the companys stock price was $38 per share. Compute the P/E ratios for both years. (Round your intermediate calculations and final answers to 2 decimal places.)