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The following financial statements apply to Fanning Company: Required: Calculate the following ratios for Year 3 and Year 4. When data limitations prohibit computing averages,

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The following financial statements apply to Fanning Company: Required: Calculate the following ratios for Year 3 and Year 4. When data limitations prohibit computing averages, use year-end balances in your calculations. a. Net margin. Note: Round your percentage answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45 ). b. Return on investment. Note: Round your percentage answers to 2 decimal places (L.e, 0.2345 should be entered as 23.45 ). c. Return on equity. Note: Round your percentage answers to 2 decimal places (d.e. 0.2345 should be entered as 23.45). d. Earnings per share. Note: 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 $4.83, respectively). Note: Round your intermediate calculations and final answers to 2 decimal places. f. Book value per share of common stock. Note: Round your answers to 2 decimal places. 9. Times interest earned. Note: Round your answers to 2 decimal places. h. Working copital. 1. Current ratio. Note: Round your answers to 2 decimal places. J. Quick (acid-test) ratio. Note: Round your answers to 2 decimal places. i. Current ratio. Note: Round your answers to 2 decimal places. j. Quick (acid-test) ratio. Note: Round your answers to 2 decimal places. k. Accounts receivable turnover. Note: Round your answers to 2 decimal places. I. Inventory turnover. Note: Round your answers to 2 decimal places. m. Debt-to-equity ratio. Note: Round your answers to 2 decimal places. n. Debt-to-assets ratio. Note: Round your answers to the nearest whole perce

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