1. Nash Company has been operating for several years, and on December 31, 2020, presented the following balance sheet.

NASH COMPANY BALANCE SHEET DECEMBER 31, 2020
Cash		$42,200		Accounts payable		$86,100
Receivables		78,100		Mortgage payable		137,200
Inventory		103,900		Common stock ($1 par)		160,000
Plant assets (net)		218,000		Retained earnings		58,900
		$442,200				$442,200

The net income for 2020 was $24,800. Assume that total assets are the same in 2019 and 2020. (a) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)

(a)Current ratio _____

(b) Acid-test ratio _____

(c)Debt to assets ratio _____

(d)Return on assets ______