The following financial statements apply to Benson Company:

	Year 4				Year 3
Revenues
Net sales	$	211,100			$	176,700
Other revenues		8,800				6,300
Total revenues		219,900				183,000
Expenses
Cost of goods sold		124,000				101,000
Selling expenses		19,000				17,000
General and administrative expenses		10,700				9,700
Interest expense		1,500				1,500
Income tax expense		20,600				17,300
Total expenses		175,800				146,500
Net income	$	44,100			$	36,500
Assets
Current assets
Cash	$	5,600			$	7,700
Marketable securities		1,700				1,700
Accounts receivable		36,800				30,600
Inventories		101,000				94,200
Prepaid expenses		3,300				2,300
Total current assets		148,400				136,500
Plant and equipment (net)		106,500				106,500
Intangibles		20,500				0
Total assets	$	275,400			$	243,000
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	38,900			$	54,800
Other		16,000				15,400
Total current liabilities		54,900				70,200
Bonds payable		64,300				65,300
Total liabilities		119,200				135,500
Stockholders equity
Common stock (41,000 shares)		114,600				114,600
Retained earnings		41,600				(7,100	)
Total stockholders equity		156,200				107,500
Total liabilities and stockholders equity	$	275,400			$	243,000

Required Calculate the following ratios for Year 3 and Year 4. Since Year 2 numbers are not presented do not use averages when calculating the ratios for Year 3. Instead, use the number presented on the Year 3 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 3 and Year 4 were $5.97 and $4.77, 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. 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. 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.)