Following are the year- end financial statements of Swick Corporation.

The current market price of common stock is $ 43 per share. At the beginning of the year, stockholders€™ equity was $ 174,000.

Required
Determine the following, showing the figures you used in your calculations. (Round to two decimal places.)
1. Working capital
2. Current ratio
3. Quick ratio
4. Merchandise inventory turnover
5. Number of days merchandise inventory kept in stock
6. Rate of return on common stockholders€™ equity
7. Earnings per share of common stock
8. Price-earningsratio

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Swick Corporation Income Statement For Year Ended December 31, 2012 Revenue from Sales Sales $536,000 Cost of Goods Sold: Merchandise Inventory, January 1,2012 Delivered Cost of Purchases Cost of Goods Available for Sale Less Merchandise Inventory, December 31. 2012 $102,000 314.000 $416,000 109,000 Cost of Goods Sold Gross Profit Operating Expenses: 307000 Selling Expenses Goneral Expenses $105.100 62.700 Total Operating Expenses 167,800 61,200 Income from Operations Other Expenses Interest Expense $55.460 Income Tax Expanse Net Income $ 45,460 Swick Corporation Balance Sheet December 31, 2012 Current Assets Cash Notes Receivable Accounts Receivable inet) Merchandbe Inventory Supplies Prepaid Expenses $25,525 5,400 75,500 109,000 1,390 Total Current Assets Property and Equipment $217315 s 42,120 Store Equipment (net Office Equipment (net Delvery Equipment (net) 69,400 Total Property and Equipment Total Assets 123,810 $341,125 Liabilities Current Liabiliies Notes Payabla Accounts Payable Total Current Liabilities $10.700 32,025 $ 42,725 Mortgage Payable (due June 30, 2015) 92,400 $135,125 Stockholders' Equity Common Stock $15 par (10.000 shares authorized and issued) Retained Eamings Total Stockholders Equity Total Liabilities and Stockholders Equity $150,000 56,000 $341.125