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Financial statements for Allendale Company follow:

ALLENDALE COMPANY

Balance Sheets

As of December $31$

Year $4$ Year $3$

Assets

Current assets

Cash $ $40,000$ $ $36,000$

Marketable securities $20,0006,000$

Accounts receivable $($net$)54,00046,000$

Inventories $135,000143,000$

Prepaid items $25,00010,000$

Total current assets $274,000241,000$

Investments $27,00020,000$

Plant $($net$)270,000255,000$

Land $29,00024,000$

Total assets $ $600,000$ $ $540,000$

Liabilities and Stockholders$$ Equity

Liabilities

Current liabilities

Notes payable $ $17,000$ $ $6,000$

Accounts payable $113,800100,000$

Salaries payable $21,00015,000$

Total current liabilities $151,800121,000$

Noncurrent liabilities

Bonds payable $100,000100,000$

Other $32,00027,000$

Total noncurrent liabilities $132,000127,000$

Total liabilities $283,800248,000$

Stockholders$$ equity

Preferred stock, $($par value $$10,4\%$ cumulative, non$-$participating; $8,000$

shares authorized and issued$)80,00080,000$

Common stock $($no par; $50,000$ shares authorized; $10,000$ shares issued$)80,00080,000$

Retained earnings $156,200132,000$

Total stockholders$$ equity $316,200292,000$

Total liabilities and stockholders$$ equity $ $600,000$ $ $540,000$

ALLENDALE COMPANY

Statements of Income and Retained Earnings

For the Years Ended December $31$

Year $4$ Year $3$

Revenues

Sales $($net$)$ $ $230,000$ $ $210,000$

Other revenues $8,0005,000$

Total revenues $238,000215,000$

Expenses

Cost of goods sold $120,000103,000$

Selling, general, and administrative $55,00050,000$

Interest expense $8,0007,200$

Income tax expense $23,00022,000$

Total expenses $206,000182,200$

Net earnings $($net income$)32,00032,800$

Retained earnings, January $1132,000107,000$

Less: Preferred stock dividends $3,2003,200$

Common stock dividends $4,6004,600$

Retained earnings, December $31$ $ $156,200$ $ $132,000$

Required

Calculate the following ratios for Year $4$ and Year $3.$

Working capital.

Current ratio. $($Round your answers to $2$ decimal places.$)$

Quick ratio. $($Round your answers to $2$ decimal places.$)$

Receivables turnover $($beginning receivables at January $1,$ Year $3,$ were $$47,000).($Round your answers to $2$ decimal places.$)$

Average days to collect accounts receivable. $($Use $365$ days in a year. Round your intermediate calculations to $2$ decimal places and your final answers to the nearest whole number.$)$

Inventory turnover $($beginning inventory at January $1,$ Year $3,$ was $$140,000).($Round your answers to $2$ decimal places.$)$

Number of days to sell inventory. $($Use $365$ days in a year. Round your intermediate calculations to $2$ decimal places and your final answers to the nearest whole number.$)$

Debt$-$to$-$assets ratio. $($Round your answers to the nearest whole percent.$)$

Debt$-$to$-$equity ratio. $($Round your answers to $2$ decimal places.$)$

Number of times interest was earned. $($Round your answers to $2$ decimal places.$)$

Plant assets to long$-$term debt. $($Round your answers to $2$ decimal places.$)$

Net margin. $($Round your answers to $2$ decimal places.$)$

Turnover of assets $($average total assets in Year $3$ is $$540,000).($Round your answers to $2$ decimal places.$)$

Return on investment $($average total assets in Year $3$ is $$540,000).($Round your answers to $2$ decimal places.$)$

Return on equity $($average stockholders' equity in Year $3$ is $$292,000).($Round your answers to $2$ decimal places.$)$

Earnings per share $($total shares outstanding is unchanged$).($Round your answers to $2$ decimal places.$)$

Book value per share of common stock. $($Round your answers to $2$ decimal places.$)$

Price$-$earnings ratio $($market price per share: Year $3,$ $$11\mathrm{.}75$; Year $4,$ $$12\mathrm{.}50).($Round your intermediate calculations and final answer to $2$ decimal places.$)$

Dividend yield on common stock. $($Round your answers to $2$ decimal places.$)$

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