Data for the Lubbock Corporation is provided as follows:

Calculate the following ratios for the Lubbock Corporation:

a. Current ratio

b. Quick ratio

c. Inventory turnover ratio

d. Total asset turnover ratio

e. Gross profit margin

f. Operating profit margin g. Net profit margin h. Debt-to-assets ratio i. Debt-to-equity ratio j. Return on assets (basic earning power)
k. Return on equity

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Lubbock Corporation Balance Sheet As of December 31, 2009 (in millions) Cash $ 100 Accounts payable $ 300 Marketable securities 300 Other current liabilities 200 Accounts receivable 600 Long-term debt 500 Inventory 1,000 Common stock 2,000 Net plant and equipment 4,000 Retained earnings 3,000 Total assets $6,000 Total liabilities and equity $6,000 Lubbock Corporation Income Statement For Year Ending December 31, 2009 (in millions) Sales Cost of goods sold* Gross profit Administration expenses Earnings before interest and taxes Interest expense Earnings before taxes Taxes Net income *Includes depreciation of $800. $12,000 10,800 $1,200 150 $1,050 50 $1,000 400 $ 600