14) [The following information applies to the question displayed below.] Wichita, Inc., had reported the following amounts on its financial statements prepared as of the end of the current accounting period:

Revenues	$	222,000
Expenses		173,200
Net income				$	48,800
Current assets	$	61,000
Long-term assets		183,000
Total assets				$	244,000
Current liabilities	$	42,000
Long-term liabilities		91,000
Total liabilities				$	133,000
Common stock	$	51,000
Retained earnings		60,000
Total equity				$	111,000
Total liabilities equity				$	244,000

14.1) What is the companys return-on-assets ratio?

A) 22% B) 45% C) 6% D) 12%

14.2) What is the companys return-on-equity ratio?

A) 12% B) 6% C) 27% D) 44%

14.3) What is the companys debt-to-assets ratio?

A) 32% B) 13% C) 26% D) 53%