The following information is taken from Fields Restaurant:

Cash $ 5,000 Accounts receivable 80,000 Food inventory ?
Prepaid expenses 3,000 Total sales 1,000,000 Net income 50,000 Cost of food used 400,000 Food inventory turnover 20 times Current liabilities $ 74,000 Property and equipment 900,000 ROE 10%
Assume the following:
1. Total assets are equal to current assets and property and equipment, and that total current assets are the sum of the first four items above.
2. Balance sheet accounts are the same at the beginning and end of the ac- counting period.
Required:
Determine the following for the Fields Restaurant:
1. Food inventory Total current assets Current ratio Acid-test ratio Profit margin Asset turnover Long-term debt Return on assets So Oh eS ASS) LEONE Debt-equity ratio