Math Use the following financial information from the Waterwing Company to calculate:

(a) inventory turnover,

(b) current ratio,

(c) return on owners’ equity, and

(d) return on investment.

Revenue from sales $600,000 Cost of goods sold 320,000 Net profit 25,000 Current assets 36,000 Total assets 200,000 Current liabilities 15,000 Owners’ equity 50,000 Average inventory 20,000