The financial statements for Thor and Gunnar companies are summarized here: Thor Company Gunnar Company $ 37,000 79,000 $ 34,000 30,000 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 Selected Data from Previous Year Accounts Receivable, Net Inventory Equipment, Net Notes Payable (long-term) (12% interest rate) Total Stockholders' Equity 158,000 774,000 198,000 $ 1,246,000 $ 172,000 270,000 674,000 72,000 58,000 $ 1,246,000 $ 1,126,000 674,000 338,000 $ 114,000 $ 14.50 $ 67,800 135,000 774,000 270,000 804,000 34,000 196,000 70,400 $ 364,400 $ 22,000 70,000 254,000 6,800 11,600 $ 364,400 $ 342,000 182,000 116,000 $ 44,000 $ 30.00 $ 29,200 47,600 196,000 70,000 272,400 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 $107,000 and Gunnar Company is asking for $38,000. 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 % % % % 4. Return on Equity % % 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