The following financial statements apply to Adams Company:

	Year 2				Year 1
Revenues	$	221,000			$	182,400
Expenses
Cost of goods sold		125,100				102,400
Selling expenses		19,900				17,900
General and administrative expenses		9,500				8,500
Interest expense		2,100				2,100
Income tax expense		19,700				17,200
Total expenses		176,300				148,100
Net income	$	44,700			$	34,300
Assets
Current assets
Cash	$	5,600			$	7,600
Marketable securities		1,000				1,000
Accounts receivable		36,900				31,800
Inventories		100,500				94,000
Prepaid expenses		3,700				2,700
Total current assets		147,700				137,100
Plant and equipment (net)		106,300				106,300
Intangibles		21,800				0
Total assets	$	275,800			$	243,400
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	39,400			$	35,000
Other		15,000				15,200
Total current liabilities		54,400				50,200
Bonds payable		65,100				66,100
Total liabilities		119,500				116,300
Stockholders equity
Common stock (49,000 shares)		113,800				113,800
Retained earnings		42,500				13,300
Total stockholders equity		156,300				127,100
Total liabilities and stockholders equity	$	275,800			$	243,400

Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when calculating the ratios for Year 1. Instead, use the number presented on the Year 1 balance sheet. 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 $6.07 and $4.82, 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. i. 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.) l. Inventory turnover. (Round your answers to 2 decimal places.) m. Debt-to-equity ratio. (Round your answers to 2 decimal places.) n. Debt-to-assets ratio. (Round your answers to the nearest whole percent.)