Financial Statements for Boston Corporation Are Presented Below Note: Dividends of $0

Financial statements for Boston Corporation are presented below.
$\begin{array}{c}\text { Boston Corporation}\\\text { Comparative Balance Sheet}\\\text { December 31}\\\begin{array}{lrr}\text { Assest}&2010&2009\\\text { Cash } & \$ 120,000 & \$ 110,000 \\\text { Accounts receivable (net) } & 135,000 & 95,000\\ \text { Inventory } & 270,000 & 240,000 \\\text { Property, plant, and equipment (net) } & \underline{ 750,000 }& \underline{ 800,000} \\\text { Total assets }&\underline{ \$ 1,275,000 }& \underline{ \$ 1,245,000}\\\\\text { Liabilities and Stockholders' Equity }\\\text { Accounts payable } &\$152,000&\$208,000\\\text { Accued liabilities }&12,000&16,000\\\text { Bonds payable, } 10 \text { percent } & 160,000 & 160,000 \\\text { Common stock, } \$ 10 \text { par } & 500,000 & 500,000 \\\text { Retained earnings } &\underline{ 451,000 }&\underline{ 361,000} \\ \text { Total liabilities and stockholders' equity }&\underline{ \$ 1,275,000 }& \underline{ \$ 1,245,000}\end{array}\end{array}$
$\begin{array}{c}\text {Boston Corporation}\\\text { Income Statement}\\\text {For the Year Ended December 31, 2010}\\\begin{array}{lrr}\text { Net sales } && \$ 1,200,000 \\\text { Cost of goods sold } && \underline{ 700,000} \\\text { Gross margin } && \$ 500,000\\ \text { Operating expenses}\\\text { Depreciation expense}& \$ 70,000 \\\text { Interest expense}&10,000\\\quad \text { Other expenses } & \underline{260,000} & \underline{ 340,000} \\\text { Income before income taxes } & & \$ 160,000 \\\text { Income taxes expense } & & \underline{40,000} \\\text { Net income } & & \underline{\$ 120,000 }\\\end{array}\end{array}$
Note: Dividends of $0.60 per share were declared and paid during 20x8.The market price of the stock on December 31,2010 was $18.00 per share.
Compute the following for 2010and place your answers in the spaces provided.Round answers to two decimal places.Show your work.
$\begin{array}{|l|l|l|l|}\hline \text { Current ratio } & &\text { Payables turnover } & \\\hline \text { Receivable turnover } && \text { Days' inventory on hand } & \\\hline \text { Inventory turnover } && \text { Interest coverage ratio } & \\\hline \text { Asset turnover } && \text { Return on equity } &\\\hline\end{array}$