Computation of Ratios The balance sheet for Tony Corporation is as follows

In addition, the following information for 2009 has been assembled:

Compute the following ratios:
1. Debt ratio 2. Current ratio 3. Return on sales 4. Asset turnover 5. Return on equity 6. Price-earnings ratio

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Assets Current assets: Cash Accounts receivable Total current assets Long-term investments Property, plant, and equipment Total assets Tony Corporation Balance Sheet December 31, 2009 $ 11,000 18,000 $ 29,000 25,000 55,000 $109,000