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The following financial statements apply to Robin Company.

	2015			2014
Revenues
Net sales	$	211,500		$	176,300
Other revenues		8,900			6,300
Total revenues		220,400			182,600
Expenses
Cost of goods sold		125,000			102,200
Selling expenses		19,600			17,600
General and administrative expenses		10,100			9,100
Interest expense		2,600			2,600
Income tax expense		19,200			17,000
Total expenses		176,500			148,500
Earnings from continuing operations before extraordinary items		43,900			34,100
Extraordinary gain (net of $2,600 tax)		3,800			0
Net income	$	47,700		$	34,100
Assets
Current assets
Cash	$	5,600		$	7,500
Marketable securities		1,000			1,000
Accounts receivable		36,300			30,100
Inventories		101,900			94,300
Prepaid expenses		4,600			3,600
Total current assets		149,400			136,500
Plant and equipment (net)		105,100			105,100
Intangibles		20,600			0
Total assets	$	275,100		$	241,600
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable	$	39,700		$	54,700
Other		15,200			15,600
Total current liabilities		54,900			70,300
Bonds payable		65,300			66,300
Total liabilities		120,200			136,600
Stockholders equity
Common stock (41,000 shares)		114,700			114,700
Retained earnings		40,200			(9,700	)
Total stockholders equity		154,900			105,000
Total liabilities and stockholders equity	$	275,100		$	241,600

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 $6.06 and $4.79, 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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