1. Redlands, Inc. presents the following Income Statement and Balance Sheet for 2014. Income Statement Sales revenues $200 Cost of goods sold Gross profit 80 Operating expenses 50 Net income $ 30 120 S 70 Assets Cash Accounts receivable Inventory Current assets Balance Sheet Liabilities S 60 Accounts payable 90 140 Shareholders' Equity 290 Common stock Retained camnings 210 Total S/Equity $500 Total Liabilities and S/E Equipment Total assets 240 190 430 $500 Required: Use the income statement and balance sheet data (in dollars) above to compute the following ratios: 1. Retum on equity I 2. Working capital (current) ratio 3. Inventory tumover 4. Accounts receivable turnover 5. Total debt to total capital ratio