Morris Corporation has the following information on its balance sheets: Cash = $40, accounts receivable = $30, inventories=

$100, net fixed assets 5 $500, accounts payable = $20, accruals=

$10, short-term debt (matures in less than a year) = $25, longterm debt = $200, and total common equity 5 $415. Its income statement reports: Sales = $820, costs of goods sold (excluding depreciation) = $450, depreciation = $50, interest expense=

$20, and tax rate = 40%. Calculate the following ratios: Net profit margin (14.6%), operating profit margin (26.8%), basic earning power ratio (32.8%), return on total assets (17.9%), and return on common equity (28.9%).