Consider the following company balance sheet and income statement.

Balance Sheet Assets Liabilities and Equity Cash $ 4,000 Accounts payable $ 30,000 Accounts receivable 52,000 Notes payable 12,000 Inventory 40,000 Total current liabilities 42,000 Total current assets 96,000 Long-term debt 36,000 Fixed assets 44,000 Equity 62,000 Total assets $140,000 Total liabilities and equity $140,000 Income Statement Sales (all on credit) $200,000 Cost of goods sold 130,000 Gross margin 70,000 Selling and administrative expenses 20,000 Depreciation 8,000 EBIT 42,000 Interest expense 4,800 Earning before tax 37,200 Taxes 11,160 Net income $ 26,040 For this company, calculate the following:

a. Current ratio.

b. Number of days’ sales in receivables.

c. Sales to total assets.

d. Number of days in inventory.

e. Debt to assets ratio.

f. Cash flow to debt ratio.

g. Return on assets.

h. Return on equity.