The financial statements for Thor and Gunnar companies are summarized here:

	Thor Company	Gunnar Company
Balance Sheet
Cash	$ 45,000	$ 42,000
Accounts Receivable, Net	87,000	38,000
Inventory	174,000	50,000
Equipment, Net	790,000	212,000
Other Assets	206,000	78,400
Total Assets	$ 1,302,000	$ 420,400
Current Liabilities	$ 188,000	$ 38,000
Notes Payable (long-term) (12% interest rate)	286,000	86,000
Common Stock (par $20)	682,000	262,000
Additional Paid-In Capital	80,000	14,800
Retained Earnings	66,000	19,600
Total Liabilities and Stockholders Equity	$ 1,302,000	$ 420,400
Income Statement
Sales Revenue	$ 1,150,000	$ 366,000
Cost of Goods Sold	682,000	190,000
Other Expenses	346,000	124,000
Net Income	$ 122,000	$ 52,000
Other Data
Per share price at end of year	$ 12.40	$ 29.00
Selected Data from Previous Year
Accounts Receivable, Net	$ 75,800	$ 37,200
Inventory	143,000	55,600
Equipment, Net	790,000	212,000
Notes Payable (long-term) (12% interest rate)	286,000	86,000
Total Stockholders Equity	828,000	296,400

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 $115,000 and Gunnar Company is asking for $46,000. 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 years 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.)

These two companies are in the same business and state but different cities. Each company has bee n operation for about 10 years. Both companies received an unqualified audit opinion on the financia statements. Thor Company wants to borrow $115,000 and Gunnar Company is asking for $46,000. 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.) Answer is complete but not entirely correct