The following financial statements apply to Cowboy Ice Cream Company: Year 2 Year 1 $ 218,900 $ 182,600 125,700 20,900 10,900 1,900 20,400 179,800 $ 39,100 102,700 18,900 9,900 1,900 17,000 150,400 $ 32,200 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 4,600 S 7,300 1,900 1,900 35,300 30,400 100,200 95,400 4,700 3,700 146,700 138,700 105,100 105,100 21,200 0 $ 273,000 s 243,800 105,100 21,200 $ 273,000 105,100 0 $ 243,800 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 (42,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 38,000 $ 34,600 16,000 15,700 54,000 50,300 64,300 65,300 118,300 115,600 07:39 113,500 41,200 154,700 $ 273,000 113,500 14,700 128,200 $ 243,800 ok rey Calculate the following ratios for Year 2. 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. Times interest earned. (Round your answers to 2 decimal places.) e. Working capital f. Current ratio. (Round your answers to 2 decimal places.) g. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) h. Accounts receivable turnover (Round your answers to 2 decimal places.) 1. Inventory turnover. (Round your answers to 2 decimal places.) J. Debt-to-equity ratio. (Round your answers to 2 decimal places.) k. Debt-to-assets ratio. (Round your answers to the nearest whole percent.) 9:27 Year 2 % % % times a. Net margin b. Return on investment C. Return on equity d. Times interest earned e. Working capital f. Current ratio g. Quick (acid-test) ratio h. Accounts receivable turnover 1. Inventory turnover i Debt-to-equity ratio k Debt-to-assets ratio times times %