Use the following financial statement information as of the end of each year to answer Self-Test Questions 8-12. 2014 2013 Inventory $ 54,000 $ 48,000 Current assets Total assets Current liabilities Total liabilities 81,000 106,000 382,000 326,000 27,000 36,000 102,000 88,000 Preferred stock 40,000 40,000 Common stockholders' equity 240,000 198,000 Net sales 784,000 697,000 Cost of goods sold 306,000 277,000 Net income 134,000 90,000 Tax expense 22,000 18,000 Interest expense 12,000 12,000 Dividends paid to preferred stockholders 4,000 4,000 Dividends paid to common com tee stockholders 15,000 10,000 8. Compute the days in inventory for 2014. (a) 64.4 days. (b) 60.8 days. 9. Compute the current ratio for 2014. (a) 1.26:1. 10. Compute the profit margin for 2014. (c) 6 days. (d) 24 days. (c) .80:1. (d) 3.75:1. (c) 37.9%. (d) 5.9%. (c) 61.2%. (d) 59.4%. 11. Compute the return on common stockholders' equity (b) 3.0:1. (a) 17.1%. (b) 18.1%. for 2014. (a) 47.9%. (b) 51.7%. 12. Compute the times interest earned for 2014. (a) 11.2 times. (b) 65.3 times. (c) 14.0 times. (d) 13.0 times