1. Calculate the current ratio
2. Calculate the Debt to Equity ratio
3. Calculate the Return on Assets

At December 31 a company's records show the following information: Cash $40,000 Accounts Receivable 30,000 Inventory 50,000 Prepaid Insurance 6,000 Long-term Assets 100.000 Accounts Payable 30,000 Notes Payable due in 10 months 25,000 Wages Payable 5,000 Long-term Liabilities 60,000 Stockholders' (Owner's) Equity 106,000 Net Income 18,000