The following financial statements apply to Vernon Company:

	Year 2		Year 1
Revenues	$	220,100			$	181,300
Expenses
Cost of goods sold		125,100				101,100
Selling expenses		21,000				19,000
General and administrative expenses		9,600				8,600
Interest expense		1,700				1,700
Income tax expense		19,700				16,900
Total expenses		177,100				147,300
Net income	$	43,000			$	34,000
Assets
Current assets
Cash	$	5,600			$	6,700
Marketable securities		2,100				2,100
Accounts receivable		35,100				31,200
Inventories		100,600				94,400
Prepaid expenses		3,200				2,200
Total current assets		146,600				136,600
Plant and equipment (net)		106,600				106,600
Intangibles		20,100				0
Total assets	$	273,300			$	243,200
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	38,900			$	35,000
Other		16,700				16,000
Total current liabilities		55,600				51,000
Bonds payable		65,700				66,700
Total liabilities		121,300				117,700
Stockholders equity
Common stock (47,000 shares)		114,500				114,500
Retained earnings		37,500				11,000
Total stockholders equity		152,000				125,500
Total liabilities and stockholders equity	$	273,300			$	243,200

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 $6.06 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.)