The following financial statements apply to Munoz Company:

	Year 2				Year 1
Revenues	$	219,700			$	182,000
Expenses
Cost of goods sold		124,300				101,500
Selling expenses		19,100				17,100
General and administrative expenses		9,000				8,000
Interest expense		2,900				2,900
Income tax expense		20,500				17,300
Total expenses		175,800				146,800
Net income	$	43,900			$	35,200
Assets
Current assets
Cash	$	4,300			$	7,400
Marketable securities		1,400				1,400
Accounts receivable		35,900				31,200
Inventories		100,700				95,200
Prepaid expenses		4,500				3,500
Total current assets		146,800				138,700
Plant and equipment (net)		106,600				106,600
Intangibles		21,600				0
Total assets	$	275,000			$	245,300
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	39,600			$	35,300
Other		16,900				15,400
Total current liabilities		56,500				50,700
Bonds payable		64,900				65,900
Total liabilities		121,400				116,600
Stockholders equity
Common stock (41,000 shares)		113,700				113,700
Retained earnings		39,900				15,000
Total stockholders equity		153,600				128,700
Total liabilities and stockholders equity	$	275,000			$	245,300

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 $5.98 and $4.97, 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.)