The comparative statements of Bramble Interiors Ltd. are presented as follows:

BRAMBLE INTERIORS LTD. Income Statement For the Year Ended December 31
		2021		2020
Net sales		$2,159,750		$1,836,500
Cost of goods sold		1,145,000		1,019,500
Gross profit		1,014,750		817,000
Selling and administrative expenses		500,000		491,000
Income from operations		514,750		326,000
Other expenses and losses
Interest expense		14,000		16,000
Income before income taxes		500,750		310,000
Income tax expense		108,275		82,000
Profit		$392,475		$228,000

BRAMBLE INTERIORS LTD. Balance Sheet December 31
Assets		2021		2020		2019
Current assets
Cash		$80,000		$129,100		$114,200
Accounts receivable		188,600		106,400		102,400
Inventory		213,800		143,000		114,500
Total current assets		482,400		378,500		331,100
Property, plant, and equipment (net)		647,700		601,300		510,300
Total assets		$1,130,100		$979,800		$841,400
Liabilities and Shareholders Equity
Current liabilities
Accounts payable		$289,175		$169,000		$144,400
Income taxes payable		40,000		47,000		45,500
Total current liabilities		329,175		216,000		189,900
Bonds payable		190,000		195,000		200,000
Total liabilities		519,175		411,000		389,900
Shareholders equity
Common shares		280,000		280,000		300,000
Retained earnings		330,925		288,800		151,500
Total shareholders equity		610,925		568,800		451,500
Total liabilities and shareholders equity		$1,130,100		$979,800		$841,400

Additional information:

1.		All sales were on account.
2.		Weighted-average common shares in 2021 were 52,000 and in 2020 were 54,000.

(a)

Calculate the following ratios for 2021 and 2020. (Round earnings per share, current ratio, acid-test ratio and asset turnover answers to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place, e.g. 1.5 or 1.5%. Use 365 days for calculation.)

				2021			2020
1.		Gross profit margin			%			%
2.		Profit margin			%			%
3.		Earnings per share		$			$
4.		Receivables turnover			times			times
5.		Collection period			days			days
6.		Inventory turnover			times			times
7.		Days sales in inventory			days			days
8.		Return on common shareholders equity			%			%
9.		Return on assets			%			%
10.		Current ratio
11.		Acid-test ratio
12.		Asset turnover			times			times
13.		Debt to total assets			%			%