The financial statements for Thor and Gunnar companies are summarized here: Balance Sheet Cash Accounts Receivable, Net Inventory Equipment, Net Other Assets Total Assets Current Liabilities Notes Payable (long-term) (12% interest rate) Common Stock (par $20) Additional Paid-In Capital 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 year Thor Company Gunnar Company $ 30,000 72,000 144,000 760,000 191,000 $ 1,197,000 $ 158,000 256,000 667,000 65,000 51,000 $ 1,197,000 $ 1,105,000 667,000 331,000 $ 107,000 $ 46,200 23,000 20,000 182,000 63,400 $ 334,600 $ 15,000 56,000 247,000 6,000 10,600 $ 334,600 $ 321,000 175,000 109,000 $ 37,000 $ 13.20 $ 30.00 Selected Data from Previous Year Accounts Receivable, Net Inventory Equipment, Net Notes Payable (long-term) (12% interest rate) Total Stockholders' Equity $ 60,800 128,000 $ 22,200 760,000 256,000 783,000 40,600 182,000 56,000 263,600 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. Thor Company wants to borrow $100,000 and Gunnar Company is asking for $31,000. The loans will be for a two-year period. 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: Calculate the following ratios. (Use 365 days in a year. Round your Intermediate calculations and final answers to 2 decimal places.) Ratio Tests of Profitability. 1. Net Profit Margin 2. Gross Profit Percentage 3. Fixed Asset Turnover Thor Company Gunnar Company % % %6 % 4. Return on Equity 96 % 5. Earnings per Share 6. Price/Earnings Ratio Tests of Liquidity. 7. Receivables Turnover Days to Collect days days 8. Inventory Turnover Days to Sell days days 9. Current Ratio Tests of Solvency 10. Debt-to-Assets Ratio