The following financial statements apply to Walton Company: \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|l|}{ Liabilities } \\ \hline \multicolumn{5}{|l|}{ Current liabilities } \\ \hline Accounts payable & $ & 39,400 & $ & 34,700 \\ \hline Other & & 15,600 & & 15,600 \\ \hline Total current liabilities & & 55,000 & & 50,300 \\ \hline Bonds payable & & 65,100 & & 66,100 \\ \hline Total liabilities & & 120,100 & & 116,400 \\ \hline \multicolumn{5}{|l|}{ Stockholders' equity } \\ \hline Common stock (46,000 shares ) & & 113,500 & & 113,500 \\ \hline Retained earnings & & 41,600 & & 12,800 \\ \hline Total stockholders' equity & & 155,100 & & 126,300 \\ \hline Total liabilities and stockholders' equity & $ & 275,200 & $ & 242,700 \\ \hline \end{tabular} Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages whe 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 $6.07 and \$4.88, 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.) I. 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.) \begin{tabular}{|c|c|c|c|} \hline & & Year 2 & Year 1 \\ \hline a. & Net margin & % & % \\ \hline b. & Return on investment & % & % \\ \hline c. & Return on equity & % & % \\ \hline d. & Earnings per share & & \\ \hline e. & Price-earnings ratio & times & times \\ \hline f. & Book value per share of common stock & & 5 \\ \hline g. & Times interest earned & times & times \\ \hline h. & Working capital & & 7 \\ \hline i. & Current ratio & & \\ \hline j. & Quick (acid-test) ratio & & 7 \\ \hline k. & Accounts receivable turnover & times & times \\ \hline I. & Inventory turnover & times & times \\ \hline m. & Debt-to-equity ratio & & \\ \hline n. & Debt-to-assets ratio & % & % \\ \hline \end{tabular}