The following financial statements apply to Adams Company Year 2 $ Year 1 $ Revenues 219,400 182,500 Expenses Cost of goods sold 125,500 101,300 Selling expenses 19,400 17,400 General and administrative expenses 10,200 9,200 Interest expense 1,800 1,800 Income tax expense 20,300 16,300 Total expenses 177,200 146,000 Net income $ 42,200 $ 36,500 Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (47,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 48700 Required $ 4,000 $6,000 1,800 1,800 35,500 31,600 200,000 196,000 3,900 2,900 245,200 238,300 106,700 106,700 21,300 8 $ $ 373,200 345,000 $ 38,600 $ 35,000 15,900 16,900 54,500 51,900 48,700 65,300 103,200 117,200 127,000 127,000 143,000 100,800 270,000 227,800 $ 373,200 $ 345,000 Calculate the following ratios for Year 1 and Year 2. When data limitations prohibit computing averages, use year-end balances in your calculations a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity. (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of Year 1 and Year 2 were $6.12 and $4.96, respectively). (Round your Intermediate calculations and final answers to 2 decimal places) f. Book value per share of common stock. (Round your answers to 2 decimal places.) g. Times interest earned. (Round your answers to 2 decimal places.) h. Working capital. 1. Current ratio. (Round your answers to 2 decimal places.) J. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) k. Accounts receivable turnover. (Round your answers to 2 decimal places.) 1. Inventory turnover (Round your answers to 2 decimal places.) n. Debt-to-equity ratio. (Round your answers to 2 decimal places) n. Debt-to-assets ratio. (Round your answers to the nearest whole percent.)