Crystal Cromarties Frozen Foods reported the following for the fiscal years ended September 30, 2011, and September

Crystal Cromartie’s Frozen Foods reported the following for the fiscal years ended September 30, 2011, and September 30, 2010:

Assume there is no outstanding preferred stock and all sales are credit sales. Calculate the following ratios:
1. Current ratio (for both years)
2. Accounts receivable turnover ratio (for 2011)
3. Inventory turnover ratio (for 2011)
4. Debt- to- equity ratio (for both years)
5. Return on equity (for 2011) Do any of these ratios suggest problems for thecompany?

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Accounts receivable 185,716 55,716 Current liabilities Long-term liabilities Shareholders equity 1 Cost of goods sold Interest expense