The following financial statements apply to Bassie Company.

Required
Calculate the following ratios for 2011 and 2012. When data limitations prohibit computing averages, use year-end balances in your calculations.
a. Net margin
b. Return on investment
c. Return on equity
d. Earnings per share
e. Price-earnings ratio (market prices at the end of 2011 and 2012 were $5.94 and $4.77, respectively)
f. Book value per share of common stock
g. Times interest earned
h. Working capital
i. Current ratio
j. Quick (acid-test) ratio
k. Accounts receivable turnover
l. Inventory turnover
m. Debt to equity ratio
n. Debt to assets ratio

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2012 2011 Revenues Net sales Other revenues $210,000 4,000 $175,000 5,000 Total revenues 214,000 180,000 Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 126,000 21,000 11,000 3,000 103,000 19,000 10,000 3,000 21,000 18,000 Total expenses 182,000 153,000 continued 2012 2011 Earnings from continuing operations before extraordinary items Extraordinary gain (net of $3,000 tax) 32,000 4,000 27,000 $ 27,000 Net income $ 36,000 Assets Current assets Cash Marketable securities Accounts receivable $ 4,000 $ 8,000 1,000 35,000 100,000 3,000 1,000 32,000 96,000 2,000 Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets 143,000 105,000 20,000 139,000 105,000 $268,000 $244,000 Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other $ 40,000 17,000 $ 54,000 15,000 Total current liabilities 69,000 67,000 57,000 Bonds payable 66,000 Total liabilities 123,000 136,000 Stockholders' equity Common stock (50,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 115,000 30,000 115,000 (7,000) 145,000 108,000 $244,000 S268,000