Below is a summary of the financial statements for IBM as of December 31, 2023:

Income Statement:

Sales Revenue: $1,800,000

Cost of Goods Sold: $1,200,000

Operating Expenses: $500,000

Income Tax: $40,000

Net Income: $60,000

Balance Sheet:

Cash: $180,000

Receivables: $250,000

Inventory: $300,000

Fixed Assets: $500,000

Current Liabilities: $280,000

Long-term Liabilities: $320,000

Shareholders’ Equity: $630,000

Determine the current ratio.

Calculate the return on equity (ROE).

Find the quick ratio.

Compute the debt-to-equity ratio.