1) Berkshire LLC reported the following income statement and balance sheet amounts on December 31, 2011. 2010 Net sales revenue (all credit) Cost of goods sold Gross profit Selling and general expenses Interest expense Net income 2011 $950,000 630.000 320,000 230,000 20.000 $70.000 Current assets Long-term assets Total assets - 12/31 Current liabilities Long-term liabilities Common stockholders' equity - 12/31 Total liabilities and stockholders' equity $60,000 465.000 $525.000 $25,000 105,000 395.000 $55,000 445.000 $500.000 $20,000 205,000 275.000 $525.000 $500.000 Inventory and prepaid expenses account for $20,000 of the 2011 current assets. Average inventory for 2011 is $15,000. Average net accounts receivable for 2011 is $30,000. Average one-day sales are $3,150. There are 7,000 shares of common stock outstanding. Total dividends paid during 2011 were $140,000 The market price per share of common stock is $21. 1) What is the debt ratio for 2011? 2) What is the company's current ratio for 2011? 3) What is the company's acid-test ratio? 4) What is the company's inventory turnover? 5) What is the company's accounts receivable turnover? 6) What is the company's days' sale in receivables? 7) What is the company's times-interest-earned ratio? 8) What is the company's rate of return on net sales? 9) What is the company's rate of return on total assets? 10) What is the company's rate of return on common stockholders' equity? NOTE: 1) Each question is worth 10 points. 2) All calculations and formula must be shown