The following financial statements apply to Franklin Company: 2018 2019 Revenues $211,500 $175,100 8,300 Net sales Other revenues 6,000 219,800 181,100 Total revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 124,300 102,500 19,700 17,700 9,300 2,400 20,600 17,400 8,300 2,400 Total expenses 176,300 148,300 Net income $43,500 32,800 Assets Current assets % 4,500 $ 6,900 2,000 35,600 30,900 101,500 94,700 4, 300 147,900 137,806e 106,400 106,400 20,500 Cash 2,000 Marketable securities Accounts receivable Inventories 3,300 Prepaid expenses Total current assets Plant and equipment (net) Intangibles $274,800 $244, 200 Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other $ 38,500 54,400 15,800 15,300 54, 300 65,60066,600 69,700 Total current liabilities Bonds payable 119,900 136, 300 Total liabilities Stockholders' equity Common stock (44,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 113,400 113,400 41,500(5,500) 154,900 107,900 $274,800 $244, 200 Check my work Required Calculate the following ratios for 2018 and 2019. Since 2017 numbers are not presented do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 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 2018 and 2019 were $5.95 and $4.88, 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.) I. 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.) 2019 2018 18.731% 20.57% a. Net margin b. Return on investment c. Return on equity d. Earnings per share 15.51 times times e. Price-earnings ratio f. Book value times g. Interest earned times h. Working capital i. Current ratio j. Quick (acid-test) ratio times times k. Accounts receivable turnover times times . Inventory turnover m. Debt to equity ratio n. Debt to assets ratio