Financial ratios Given below are comparative balance sheets and an income statement for the Excellent Corporation: Excellent Corporation Balance Sheets - 2015 Excellent Corporation Income Statement for the year ended 2015 Jan 1 Cash Accounts receivable Inventory Equipment (net) Dec. 31 $ 34,000 94.000 68,000 114.000 $310.000.00 $ 34,000 78,000 74,000 132.00 $318.000.00 Sales Cost of goods sold Gross profit on sales Operating expenses Operating income Interest expense and income taxes Net income $524.000 (328.000) $ 196,000 (118.700) 77.300 s Accounts payable 54.000 60.000 228750 18.550 20.000 12.000 Dividends payable Long-term note pavable Capital stock. Sio par 32.000 140.000 Retained earnings 0- Sun All sales were made on account. Cash dividends declared during the year totaled $58,550. Compute the following: tumes times @) Average accounts receivable tumover () Average inventory turnover Earnings per share of capital stock (d) Book value per share of capital stock at year-end Current ratio at year-end (1) Quick ratio at beginning of year Debt ratio at year-end (h) Operating expense ratio Return on assets Return on common stockholders' equity