Consider the following company's balance sheet and income statement. (LG 20-4) Assets Balance Sheet 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) Cost of goods sold $200,000 130,000 Gross margin 70,000 Selling and administrative expenses 20,000 Depreciation EBIT Interest expense Earnings before tax Taxes Net income 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-asset ratio.

f. Cash-flow debt ratio. g. Return on assets. h. Return on equity. 8,000 42,000 4,800 37,200 11,160 $ 26,040