The following financial statements apply to Zachary Company: 2019 2010 $210,100 8,700 218, 800 $176,500 5,000 181,500 124,100 20,700 10,000 2,300 19,400 176,500 101,500 18,700 9,000 2,300 17,400 148,900 $ 42,300 $ 32, 600 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (46,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 4,100 2,200 36,600 101,800 3,600 148,300 106,700 21,000 $276,000 $ 7,100 2,200 31,900 94,500 2,600 138,300 106,700 0 $245,000 $ 38,500 15,700 54,200 64,900 119,100 $ 55,900 16,000 71,900 65,900 137,800 113,800 43, 100 156, 900 $276,000 113,800 (6, 600) 107,200 $245,000 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. 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 2018 and 2019 were $5.98 and $4.95, 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 1. 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.) 1. 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.) 2019 2018 % 96 times times times times a. Net margin b. Return on investment c Return on equity d. Earnings per share d e. Price-earnings ratio f. Book value g. Interest earned h. Working capital i. Current ratio j. Quick (acid-test) ratio k. Accounts receivable turnover I. Inventory turnover m. Debt to equity ratio n. Debt to assets ratio times times times times % %