The following financial statements apply to Solomon Company:

	Year 2				Year 1
Revenues	$	220,100			$	181,600
Expenses
Cost of goods sold		125,500				101,400
Selling expenses		19,700				17,700
General and administrative expenses		10,300				9,300
Interest expense		2,600				2,600
Income tax expense		19,200				17,900
Total expenses		177,300				148,900
Net income	$	42,800			$	32,700
Assets
Current assets
Cash	$	5,500			$	7,300
Marketable securities		1,600				1,600
Accounts receivable		35,700				30,900
Inventories		101,400				94,900
Prepaid expenses		4,500				3,500
Total current assets		148,700				138,200
Plant and equipment (net)		105,900				105,900
Intangibles		22,000				0
Total assets	$	276,600			$	244,100
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	40,000			$	34,300
Other		15,400				15,700
Total current liabilities		55,400				50,000
Bonds payable		65,100				66,100
Total liabilities		120,500				116,100
Stockholders equity
Common stock (44,000 shares)		114,100				114,100
Retained earnings		42,000				13,900
Total stockholders equity		156,100				128,000
Total liabilities and stockholders equity	$	276,600			$	244,100

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 $4.94, 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.)