The following financial statements apply to Munoz Company:

	Year 2				Year 1
Revenues	$	220,000			$	181,900
Expenses
Cost of goods sold		124,700				101,700
Selling expenses		20,400				18,400
General and administrative expenses		9,100				8,100
Interest expense		3,000				3,000
Income tax expense		20,800				16,400
Total expenses		178,000				147,600
Net income	$	42,000			$	34,300
Assets
Current assets
Cash	$	5,700			$	6,000
Marketable securities		2,100				2,100
Accounts receivable		36,900				30,000
Inventories		101,300				94,600
Prepaid expenses		4,100				3,100
Total current assets		150,100				135,800
Plant and equipment (net)		105,500				105,500
Intangibles		21,100				0
Total assets	$	276,700			$	241,300
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	38,000			$	35,300
Other		16,100				16,200
Total current liabilities		54,100				51,500
Bonds payable		65,700				66,700
Total liabilities		119,800				118,200
Stockholders equity
Common stock (50,000 shares)		114,600				114,600
Retained earnings		42,300				8,500
Total stockholders equity		156,900				123,100
Total liabilities and stockholders equity	$	276,700			$	241,300

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 $6.09 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. 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.) 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.)