6. Consider the following company’s balance sheet and income statement. ( LG 20- 4)

Balance Sheet Assets Liabilities and Equity Cash $ 4,000 Accounts payable $ 30,000 Accounts Notes receivable 52,000 payable 12,000 Inventory 40,000 Total current Total current liabilities 42,000 assets 96,000 Long-term debt 36,000 Fixed assets 44,000 Equity 62,000 Total liabilities Total assets $140,000 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 Earnings before tax 37,200 Taxes 11,160 Net income $ 26,040 For this company, calculate the following:
Current ratio.
Number of days’ sales in receivables.
Sales to total assets.
Number of days in inventory.
Debt-to-asset ratio.
Cash-flow debt ratio.
Return on assets.
Return on equity.