A friend has been offered a sales position at Draper Media, Inc, a small publisher of computer-related publications, but wants to know more about the company. Because of my expertise in financial analysis, I offer to help analyze Drapers financial health. Draper has provided the following selected financial information:

Account balances on December 31, 2018:

Inventory = $72,000

Net sales = $450,000

Current assets = $150,000

Cost of goods sold = $290,000

Total liabilities = $180,000

Net profit = $35,400

Total assets = $385,000

Current liabilities = $75,000

Other information:

Number of common shares outstanding = 25,000

Inventory on January 1, 2018 = 48,000

Calculate the following ratios for 2018:

Acid-test (quick) ratio

Inventory turnover ratio

Net profit margin

Return on equity

Debt-to-equity ratio

Earnings per share.

Summarize the assessment of the companys financial performance, based on these ratios, in a short report.