The financial statements for Royale and Cavalier companies are summarized here: Royale Company Cavaline Company Balance Shest Cash $ 32,000 62,000 124.000 564,000 147,000 $929.000 $134,000 204,000 487.000 57,000 47,000 $929,000 $ 52.000 23.000 39.000 174,000 53.000 $341.000 $ 29,000 69.000 217.000 11.000 15,000 $341,000 Accounts Recevable, Net Inventory Equipment Net Other Assets Total Assets Current Liabilities Note Payable long-term) Common Stock (par 520) Additional Paid-In Ceoital Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses Net Income Other Data Per share price at end of veer Selected Data from Previous Year Accounts Receivable, Net Note Payable long-term) Equipment. Not $821,000 S301,000 487,000 157.000 247,000 102,000 S87,000 S 42.000 $ 19.00 S 10.00 $ 54,000 204,000 584,000 102.000 591,000 S 21,000 69.000 174.000 45.00 243,000 Total Stockholders' Equity 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 SB2.000 cash and Cavalier Company is asking for $37,000. 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 year's 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 Company Cavaller Company Tests of Profitability 1. Net Proft Margin 2. Gross Profit Percentage 3. Fixed Asset Tumover 4. Retum on Equity 5. Eamings per Share B. Price/Earnings Ratia Tests of Liquidity: 7. Receivables Tumover Days to Callect 8. Inventory Tumover Days to Sell 9. Current Ratia Tests of Solvency: 10. Debt-to-Assets days days