The following financial statements apply to Baird Company: Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income 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 (46,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 2 Year 1 $ 220,500 $ 181, 900 124, 600 19,500 10, 400 2,900. 19,500 176, 900 $ 43,600 5,700 1,900 35, 700 100, 700 3,700 147, 700 105, 200 21,600 $ 274,500 $ $ 38,600 16, 700 55,300 64,400 119, 700 113, 600 41, 200 154,800 $274,500 102, 500 17,500 9,400 2,900 17,800 150, 100 $ 31,800 $ 6,300 1,900 31,000 94, 300 2,700 136, 200 105, 200 0 $ 241, 400 $34,400 16, 200 50, 600 65, 400 116,000 113,600 11, 800 125, 400 $ 241,400 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.) 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 $6.02 and $4.89, 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.) 9. Times interest earned. Exclude extraordinary income in the calculation as they cannot be expected to recur and, therefore, will not be available to satisfy future interest payments. (Round your answers to 2 decimal places.) h. Working capital. . Current ratio. (Round your answers to 2 decimal places.) 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.) 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.)