50. Using the financial statements below calculate each of the following ratios and briefly describe what the results of each indicate.

(a.) Return on Investment

(b.) Quick Ratio

(c.) Debt to Equity Ratio

(d.) Return on Owners' Equity

(e.) Accounts Receivable Turnover

(f.) Inventory Turnover

Banner Corporation Balance Sheet December 31, 2008 Current Asset Cash Accounts Receivable Inventory Total Current Assets urrent Liabilities $ 20,000 Accounts Payable 100,000 Wages Payable 300,000 Total Current Liabilities 340,000 $420,000 $140,000 Long-Term Liabilities Long Term Notes Payable $1,000,00 0 $1,340,00 0 Property, Plant & Equipment Land $300,000 Total Liabilities Buildings Equipment Total Property Plant & 800,000 Owners' Equity $1190000 Total Liabilities and $1,610,000 Equipment Total Assets Owners' Equity $1,610,00 Total Assets 12/31/07 Total Owners' Equity 12/31/07 1,400,000 $250,000 Accts Pay 12/31/07 $75,000 $100,000 Accts Rec 12/31/07 Banner Corporation Income Statement For the year ended Dec 31, 2008 $4,200,00 Sales Cost of Goods Sold Gross Margin Operating Expenses Operating Income Tax Expense Net Income $2,400,00 600,000 420,000