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

	Current			Previous
Income Statement
Sales revenue	$	185,000		$	169,000
Cost of goods sold		112,000			102,000
Gross profit		73,000			67,000
Operating expenses		54,300			51,200
Interest expense		2,800			2,700
Income before income taxes		15,900			13,100
Income tax expense		4,770			3,100
Net income	$	11,130		$	10,000
Balance Sheet
Cash	$	4,730		$	8,100
Accounts receivable (net)		20,000			23,500
Inventory		41,000			36,000
Property and equipment (net)		46,000			39,000
	$	111,730		$	106,600
Current liabilities	$	16,700		$	19,700
Note payable (long-term)		46,000			46,000
Common stock (par $5)		30,600			30,600
Additional paid-in capital		5,200			5,100
Retained earnings*		13,230			5,200
	$	111,730		$	106,600

*During the current year, cash dividends of $3,100 were declared and paid.

6-a.

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

	Debt-to-Assets
Current Year
Previous Year

8-a.

After Golden released its current years financial statements, the companys stock was trading at $31. After the release of its previous years financial statements, the companys stock price was $22 per share. Compute the P/E ratios for both years. (Round your intermediate calculations and final answers to 2 decimal places.)

	Price/Earnings Ratio
Current Year
Previous Year