The following financial statements apply to Walton Company:

	Year 2		Year 1
Revenues	$	220,700			$	181,100
Expenses
Cost of goods sold		125,300				101,500
Selling expenses		19,500				17,500
General and administrative expenses		9,500				8,500
Interest expense		2,600				2,600
Income tax expense		20,200				17,600
Total expenses		177,100				147,700
Net income	$	43,600			$	33,400
Assets
Current assets
Cash	$	5,300			$	7,200
Marketable securities		2,500				2,500
Accounts receivable		35,500				30,200
Inventories		102,000				94,800
Prepaid expenses		4,900				3,900
Total current assets		150,200				138,600
Plant and equipment (net)		105,300				105,300
Intangibles		20,800				0
Total assets	$	276,300			$	243,900
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	38,500			$	34,500
Other		16,200				16,300
Total current liabilities		54,700				50,800
Bonds payable		64,100				65,100
Total liabilities		118,800				115,900
Stockholders equity
Common stock (50,000 shares)		114,200				114,200
Retained earnings		43,300				13,800
Total stockholders equity		157,500				128,000
Total liabilities and stockholders equity	$	276,300			$	243,900

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 $6.13 and $4.92, 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.)