Assessing a Firms Profitability, Liquidity and Solvency Presented below is financial data for the Forrester Company as of year-end 2015 and 2016:

Required Calculate Forresters current ratio, debt-to-total-assets ratio, and return on sales ratio. Comment on the trend in the company's profitability, liquidity, and solvency from 2015 to 2016.

2016 2015 Current Assets $55,000 $60,000 Total Assets 100,000 30,000 Current Liabilities 27,500 40,000 Total Liabilities 75,000 80,000 Net Sales 140,000 190,000 21,000 26,000 Net Income