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1. K-star has sales of $40,000, net income of $25,000, total assets of $50,000 and total equity of $23,000. Interest expense is $900. Calculate the

image text in transcribed 1. K-star has sales of $40,000, net income of $25,000, total assets of $50,000 and total equity of $23,000. Interest expense is $900. Calculate the common size-statement value of the interest expense. 2. Young inc, has total debt of $10,000 and a debt equity ratio of .45 . Calculate the value of total assets. 3. River Tours has balance sheet values of: Inventory $70,00, account receivable $51,000, accounts payable $60,000, cash $33,000, notes payable $20,000, long term debt $135,000 and net fixed asset at $500. Calculate the current ratio

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