Changes in Various Ratios Presented below is selected information for Brimmer Company:

	2013	2012
Sales revenue	$913,000	$840,000
Cost of goods sold	578,000	542,000
Interest expense	23,000	20,000
Income tax expense	30,000	24,000
Net income	64,000	52,000
Cash flow from operating activities	68,000	55,000
Capital expenditures	45,000	45,000
Accounts receivable (net), December 31	129,000	120,000
Inventory, December 31	199,000	160,000
Stockholders' equity, December 31	453,000	400,000
Total assets, December 31	733,000	660,000

Required Calculate the following ratios for 2013. The 2012 results are given for comparative purposes.

Round answers to one decimal place. Use 365 days in a year.

	2012		2013
1. Gross profit percentage	35.5%			%
2. Return on assets	8.3%			%
3. Return on sales	6.2%			%
4. Return on common stockholders' equity
(no preferred stock was outstanding)	13.9%			%
5. Accounts receivable turnover	8.0
6. Average collection period	45.6	days		days
7. Inventory turnover	3.6
8. Times-interest-earned ratio	4.8
9. Operating-cash-flow-to-capital-expenditures ratio	1.2

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