The financial statements for Royale and Cavalier companies are summarized here:

	Royale Co	Cavalier Co
Balance Sheet
Cash	20,000	63,000
Accounts Receivable, Net	50,000	11,000
Inventory	100,000	15,000
Equipment, Net	540,000	150,000
Other Assets	135,000	41,000
Total Assets	845,000	280,000
Current Liabilities	110,000	15,000
Note Payable (long-term)	180,000	45,000
Common Stock (par $20)	475,000	205,000
Additional Paid-in Capital	45,000	6,000
Retained Earnings	35,000	9,000
Total Liabilities and Stockholders' Equity	845,000	280,000
Income Statement
Sales Revenue	785,000	265,000
Cost of Goods Sold	475,000	145,000
Other Expenses	235,000	90,000
Net Income	75,000	30,000
Other Data
Per share price at the end of year	18	14
Selected Data from Previous Year
Accounts Receivable, Net	42,000	9,000
Note Payable (long-term)	180,000	45,000
Equipment, Net	540,000	150,000
Inventory	90,000	33,000
Total Stockholders' Equity	555,000	220,000

These two companies are in the same business and state but different cities. Each company has been in operation for about 10 years. Both companies received an unqualified audit opinion on the financial statements. Royale Company wants to borrow $70,000 cash and Cavalier Company is asking for $25,000. The loans will be for a two-year period. Both companies estimate bad debts based on an aging analysis, but Cavalier has estimated slightly higher uncollectible rates than Royale. Neither company issued stock in the current year. Assume the end-of-year total assets and net equipment balances approximate the years average and all sales are on account.

Required:

1. Calculate the following ratios (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal places.)

Ratio	Royale Co	Cavalier Co
Tests of Profitability:
1. Net Profit Margin	9.55%	11.32%
2. Gross Profit Percentage	39.49%	45.28%
3. Fixed Asset Turnover	1.45	1.77
4. Return on Equity	13.51%	13.64%
5. Earnings per Share
6. Price/Earnings Ratio
Tests of Liquidity:
7. Receivables Turnover
Days to Collect
8. Inventory Turnover
Days to Sell
9. Current Ratio
Tests of Solvency:
10. Debt-to-Assets

Need help with the chart, numbered 5-10 on the chart. Thanks so much.