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The following financial statements apply to Harris Company: Year 2 Year 1 Revenues $ 220,400 $ 181,700 Expenses Cost of goods sold 124,500 101,400 Selling

The following financial statements apply to Harris Company:

Year 2 Year 1
Revenues $ 220,400 $ 181,700
Expenses
Cost of goods sold 124,500 101,400
Selling expenses 20,800 18,800
General and administrative expenses 10,600 9,600
Interest expense 2,500 2,500
Income tax expense 19,300 16,200
Total expenses 177,700 148,500
Net income $ 42,700 $ 33,200
Assets
Current assets
Cash $ 5,000 $ 6,400
Marketable securities 2,200 2,200
Accounts receivable 36,500 31,800
Inventories 101,800 94,400
Prepaid expenses 3,700 2,700
Total current assets 149,200 137,500
Plant and equipment (net) 105,400 105,400
Intangibles 20,700 0
Total assets $ 275,300 $ 242,900
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable $ 39,900 $ 34,100
Other 16,100 16,600
Total current liabilities 56,000 50,700
Bonds payable 64,500 65,500
Total liabilities 120,500 116,200
Stockholders equity
Common stock (41,000 shares) 114,700 114,700
Retained earnings 40,100 12,000
Total stockholders equity 154,800 126,700
Total liabilities and stockholders equity $ 275,300 $ 242,900

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.) 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 1 and Year 2 were $6.07 and $4.84, 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. (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.)

Please assist, thanks!

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Year 2 Year 1 a. 19.37 % 18.27 % SIX b. 15.51 X % 30.34 % 00 21.37 X % C. 26.20 % d. $ 1.04 $ e. 6.00 times f. $ > $ 3.78 5.30 X times Netmargin Return on investment Return on equity Earnings per share Price-earnings ratio Book value per share of common stock Times interest earned Working capital Current ratio Quick (acid-test) ratio Accounts receivable turnover Inventory turnover Debt-to-equity ratio Debt-to-assets ratio 0.81 7.25 X times 3.09 2.63 X times 86,800 g. h. $ 93,200 $ > OS i. 2.66 2.71 i. 0.78 K. 6.45 times I. 1.27 times 0.80 5.32 X times 1.20 X times 0.92 48 % m. 0.78 n. 44 %

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