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The following financial statements apply to Robin Company.

	2015			2014
Revenues
Net sales	$	212,000		$	176,900
Other revenues		9,300			6,800
Total revenues		221,300			183,700
Expenses
Cost of goods sold		125,400			102,300
Selling expenses		20,100			18,100
General and administrative expenses		10,600			9,600
Interest expense		2,400			2,400
Income tax expense		19,600			16,000
Total expenses		178,100			148,400
Earnings from continuing operations before extraordinary items		43,200			35,300
Extraordinary gain (net of $2,400 tax)		2,700			0
Net income	$	45,900		$	35,300
Assets
Current assets
Cash	$	5,400		$	7,500
Marketable securities		1,300			1,300
Accounts receivable		36,000			30,800
Inventories		100,900			95,300
Prepaid expenses		3,300			2,300
Total current assets		146,900			137,200
Plant and equipment (net)		105,500			105,500
Intangibles		20,800			0
Total assets	$	273,200		$	242,700
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	39,600		$	54,500
Other		16,900			16,000
Total current liabilities		56,500			70,500
Bonds payable		65,000			66,000
Total liabilities		121,500			136,500
Stockholders equity
Common stock (47,000 shares)		113,800			113,800
Retained earnings		37,900			(7,600	)
Total stockholders equity		151,700			106,200
Total liabilities and stockholders equity	$	273,200		$	242,700

Required

Calculate the following ratios for 2014 and 2015. When data limitations prohibit computing averages, use year-end balances in your calculations.

a.	Net margin. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).)

b.	Return on investment. (Since 2013 numbers are not presented do not use averages when calculating the ratios for 2014. Instead, use the number presented on the 2014 balance sheet. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).)

c.	Return on equity. (Since 2013 numbers are not presented do not use averages when calculating the ratios for 2014. Instead, use the number presented on the 2014 balance sheet. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).)

d.	Earnings per share. (Round your answers to 2 decimal places.)

e.	Price-earnings ratio (market prices at the end of 2014 and 2015 were $6.08 and $4.90, respectively). (Round 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.

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. (Since 2013 numbers are not presented do not use averages when calculating the ratios for 2014. Instead, use the number presented on the 2014 balance sheet. Round your answers to 2 decimal places.)

l.	Inventory turnover. (Since 2013 numbers are not presented do not use averages when calculating the ratios for 2014. Instead, use the number presented on the 2014 balance sheet. 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 final answers to the nearest whole percent.)

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