The following financial statements apply to Rundle Company:

	2019				2018
Revenues
Net sales	$	210,300			$	175,300
Other revenues		9,800				6,500
Total revenues		220,100				181,800
Expenses
Cost of goods sold		125,000				101,100
Selling expenses		21,000				19,000
General and administrative expenses		9,900				8,900
Interest expense		2,900				2,900
Income tax expense		19,400				16,700
Total expenses		178,200				148,600
Net income	$	41,900			$	33,200
Assets
Current assets
Cash	$	4,200			$	7,700
Marketable securities		2,500				2,500
Accounts receivable		36,400				30,600
Inventories		100,400				95,200
Prepaid expenses		3,600				2,600
Total current assets		147,100				138,600
Plant and equipment (net)		106,100				106,100
Intangibles		21,200				0
Total assets	$	274,400			$	244,700
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	39,200			$	55,900
Other		16,700				15,400
Total current liabilities		55,900				71,300
Bonds payable		65,700				66,700
Total liabilities		121,600				138,000
Stockholders equity
Common stock (43,000 shares)		115,000				115,000
Retained earnings		37,800				(8,300	)
Total stockholders equity		152,800				106,700
Total liabilities and stockholders equity	$	274,400			$	244,700

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.

1. Net margin. (Round your answers to 2 decimal places.)
2. Return on investment. (Round your answers to 2 decimal places.)
3. Return on equity. (Round your answers to 2 decimal places.)
4. Earnings per share. (Round your answers to 2 decimal places.)
5. Price-earnings ratio (market prices at the end of 2018 and 2019 were $6.06 and $4.97, respectively). (Round your intermediate calculations and final answers to 2 decimal places.)
6. Book value per share of common stock. (Round your answers to 2 decimal places.)
7. 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.)
8. Working capital.
9. Current ratio. (Round your answers to 2 decimal places.)
10. Quick (acid-test) ratio. (Round your answers to 2 decimal places.)
11. Accounts receivable turnover. (Round your answers to 2 decimal places.)
12. Inventory turnover. (Round your answers to 2 decimal places.)
13. Debt to equity ratio. (Round your answers to 2 decimal places.)
14. Debt to assets ratio. (Round your answers to the nearest whole percent.)

		2019		2018
a.	Net margin	19.04	%	18.94	%
b.	Return on investment	23.51	%		%
c.	Return on equity		%		%
d.	Earnings per share
e.	Price-earnings ratio		times		times
f.	Book value
g.	Interest earned		times		times
h.	Working capital
i.	Current ratio
j.	Quick (acid-test) ratio
k.	Accounts receivable turnover		times		times
l.	Inventory turnover		times		times
m.	Debt to equity ratio
n.	Debt to assets ratio		%		%