The following financial statements apply to Vernon Company:

	2019				2018
Revenues
Net sales	$	211,800			$	176,300
Other revenues		8,100				5,200
Total revenues		219,900				181,500
Expenses
Cost of goods sold		124,800				102,500
Selling expenses		19,800				17,800
General and administrative expenses		9,600				8,600
Interest expense		1,100				1,100
Income tax expense		20,800				16,800
Total expenses		176,100				146,800
Net income	$	43,800			$	34,700
Assets
Current assets
Cash	$	5,300			$	7,400
Marketable securities		2,600				2,600
Accounts receivable		36,500				31,000
Inventories		100,700				94,300
Prepaid expenses		3,700				2,700
Total current assets		148,800				138,000
Plant and equipment (net)		105,100				105,100
Intangibles		21,500				0
Total assets	$	275,400			$	243,100
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	39,100			$	55,700
Other		15,500				16,200
Total current liabilities		54,600				71,900
Bonds payable		64,300				65,300
Total liabilities		118,900				137,200
Stockholders equity
Common stock (46,000 shares)		113,200				113,200
Retained earnings		43,300				(7,300	)
Total stockholders equity		156,500				105,900
Total liabilities and stockholders equity	$	275,400			$	243,100

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 $5.98 and $4.87, 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.)

Please explain how you got answer.