1. Daytona Inc. has net working capital of $1370, current liabilities of $3720, net income of $400, interest of $50, and inventory of $1950. What is the quick ratio?

2. Indianapolis Inc., has sales of $6,189, total assets of $2,805, and a debtequity ratio of 1.40. If its return on equity is 13 percent, what is its net income?