10. The following information is available for the ASA Company: Financial Information for 1993 Cash $500,000 Taxable income $300,000 Account Payable $800,000 Long-term Debt $1,500,000 Accumulated Depreciation $400,000 Account Receivable $900,000 Excess Paid in Capital $500,000 Inventory $1,000,000 Taxes $50,000 Common Stock $1,400,000 Gross Fixed Assets $3,000,000 Retained Earnings $800,000 A) What is firm's ROA (Return on Asset) and ROE (Return on Equity) when the firm has $500,000 Net Income in 1993? (4 points) Total assets = cash + GFA - AD+AR + Inventory - 500.000 + 3,000,000 - 400,000 900,oou + 1,000,000 =5,000,000 ROA = Net Income / Total assets -5 B) What is firm's Current & Quick Ratio in 1993? (4 points)