A summary of data from the income statements and balance sheets for Roman Construction Supply Company for 2011 and 2010 appears below. 2011 2010 Current assets $ 183,000 $ 155,000 Total assets 1,160,000 870,000 Current liabilities 90,000 60,000 Long-term liabilities Owner's equity 400,000 290,000 670,000 520,000 Net sales 2,300,000 1,740,000 Net income 150,000 102,000 Total assets and owner's equity at the beginning of 2010 were $680,000 and $420,000, respectively. Required 1. Compute the following liquidity measures for 2010 and 2011: (a) working capital and (b) current ratio. Comment on the differences between the years. 2. Compute the following measures of profitability for 2010 and 2011: (a) profit margin, (b) asset turnover, (c) return on assets, (d) debt to equity ratio, and (e) return on equity. Comment on the change in performance from 2010 to 2011.

A summary of data from the income statements and balance sheets for Roman Construction Supply Company for 2011 and 2010 appears below. 2011 2010 Current assets $ 183,000 $ 155,000 Total assets 1,160,000 870,000 Current liabilities 90,000 60,000 Long-term liabilities 400,000 290,000 Owner's equity 670,000 520,000 Net sales 2,300,000 1,740,000 Net income 150,000 102,000 Total assets and owner's equity at the beginning of 2010 were $680,000 and $420,000, respectively. Required 1. Compute the following liquidity measures for 2010 and 2011: (a) working capital and (b) current ratio. Comment on the differences between the years. 2. Compute the following measures of profitability for 2010 and 2011: (a) profit margin, (b) asset turnover, (c) return on assets, (d) debt to equity ratio, and (e) return on equity. Comment on the change in performance from 2010 to 2011