The following financial statements apply to Munoz Company:

Year 2 Year 1 Revenues $ 221,700 $ 182,600 Expenses Cost of goods sold 124,700 102,900 Selling expenses 19,600 17,600 General and administrative expenses 10,300 9,300 Interest expense 1,400 1,400 Income tax expense 20,900 16,900 Total expenses 176,900 148,100 Net income $ 44,800 $ 34,500 Assets Current assets Cash $ 5,800 $ 6,700 Marketable securities 1,100 1,100 Accounts receivable 35,000 31,700 Inventories 100,200 95,100 Prepaid expenses 4,600 3,600 Total current assets 146,700 138,200 Plant and equipment (net) 105,300 105,300 Intangibles 21,200 0 Total assets $ 273,200 $ 243,500 Liabilities and Stockholders Equity Liabilities Current liabilities Accounts payable $ 39,200 $ 35,500 Other 15,800 16,700 Total current liabilities 55,000 52,200 Bonds payable 65,200 66,200 Total liabilities 120,200 118,400 Stockholders equity Common stock (43,000 shares) 115,000 115,000 Retained earnings 38,000 10,100 Total stockholders equity 153,000 125,100 Total liabilities and stockholders equity $ 273,200 $ 243,500

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 $6.04 and $4.89, 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.)