The following financial statements apply to ThorntonCompany:

	Year 4				Year 3
Revenues
Net sales	$	210,100			$	175,600
Other revenues		8,600				6,600
Total revenues		218,700				182,200
Expenses
Cost of goods sold		125,900				102,500
Selling expenses		19,900				17,900
General and administrative expenses		10,100				9,100
Interest expense		1,500				1,500
Income tax expense		19,300				17,300
Total expenses		176,700				148,300
Net income	$	42,000			$	33,900
Assets
Current assets
Cash	$	5,400			$	6,400
Marketable securities		1,200				1,200
Accounts receivable		36,300				31,500
Inventories		101,800				95,000
Prepaid expenses		3,700				2,700
Total current assets		148,400				136,800
Plant and equipment (net)		106,500				106,500
Intangibles		21,100				0
Total assets	$	276,000			$	243,300
Liabilities and Stockholders’ Equity
Liabilities
Current liabilities
Accounts payable	$	38,500			$	55,500
Other		15,800				16,600
Total current liabilities		54,300				72,100
Bonds payable		65,600				66,600
Total liabilities		119,900				138,700
Stockholders’ equity
Common stock (43,000 shares)		113,000				113,000
Retained earnings		43,100				(8,400	)
Total stockholders’ equity		156,100				104,600
Total liabilities and stockholders’ equity	$	276,000			$	243,300

Required
Calculate the following ratios for Year 3 and Year 4. Since Year 2numbers are not presented do not use averages when calculating theratios for Year 3. Instead, use the number presented on the Year 3balance sheet.

a. Net margin. (Round your answers to 2decimal places.)
b. Return on investment. (Round youranswers to 2 decimal places.)
c. Return on equity. (Round your answersto 2 decimal places.)
d. Earnings per share. (Round your answersto 2 decimal places.)
e. Price-earnings ratio (market prices at the endof Year 3 and Year 4 were $5.95 and $4.94, respectively).(Round your intermediate calculations and final answers to2 decimal places.)
f. Book value per share of common stock.(Round your answers to 2 decimal places.)
g. Times interest earned. Exclude extraordinaryincome in the calculation as they cannot be expected to recur and,therefore, will not be available to satisfy future interestpayments. (Round your answers to 2 decimalplaces.)
h. Working capital.
i. Current ratio. (Round your answers to 2decimal places.)
j. Quick (acid-test) ratio. (Round youranswers to 2 decimal places.)
k. Accounts receivable turnover. (Roundyour answers to 2 decimal places.)
l. Inventory turnover. (Round your answersto 2 decimal places.)
m. Debt-to-equity ratio. (Round youranswers to 2 decimal places.)
n. Debt-to-assets ratio. (Round youranswers to the nearest whole percent.)