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.)

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