Apollo Corp. reported the following balance sheet:

1. Compute Apollo Corp.'s current ratio.

2. Compute Apollo Corp.'s debt ratio.

3. Apollo has sales of $600,000 and net income of $50,000. What is Apollo's return on equity?

\begin{tabular}{|l|l|l|l|l|} \hline Cash & $28,000 & & Accounts payable & $5,000 \\ \hline Accounts receivable & 15,000 & & Notes Payable & 12,000 \\ \hline Inventory & 45,000 & Accruals & 17,000 \\ \hline Net Fixed Assets & 122,000 & Long-Terms Debt & 45,000 \\ \hline & & Common Stock & 10,000 \\ \hline & & Retained Earnings & 121,000 \\ \hline Total assets & $210,000 & Total Liab. \& Equity & $210,000 \\ \hline \end{tabular}