Below, you will find the balance sheet data for High Couture, Inc. for Years 2 and 1:

Also known for Year 2:

Compute the following ratios for High Couture for Year 2:

1. Return on total assets

2. Return on equity

3. Earnings per share

4. Price-earnings ratio

5. Dividend yield ratio

6. Times-interest earned

7. Debt ratio

8. Current ratio

9. Quick ratio

10. Inventory turnover

11. Accounts receivable turnover

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Assets Current Assets Cash High Couture, Inc. Balance Sheet December 31, December 31, Year 2 Year 1 $20,000 $16,000