Calculate the following ratios and provide a 1-2 sentence explanation for each ratio for Smith's Computer Supply Warehouse for the month of July 2020:

Net Margin

Return on Investment (ROI)

Current Ratio

Debt to Equity Ratio

Inventory Turnover

$7,000 Opening B Add: Net It S2,300 Income Statement For the Year Ended July 31, 2020 Sales Expenses Cost of Goods Sold Rent Expense Salaries Expense Gas Expense Utilities Expense Depreciation Expense Insurance Expense Interest Expense Total Expenses Net Income 31,00 S1,400 Savass Auft Less: Divid Closing Ba $200 S250 $200 S500 CO dou 350 operating expenses 950 #3750 Balance Sheet As on July 31, 2020 Assets Current Assets Cash Accounts Receivable Les Inventory $7,750 $4,500 $2,000 $5.500 $19,750 $6,000 (S2009 $5,800 $25,550 Prepaid Insurance Total Current Assets Property and Equipment Truck Less: Accumulated Depreciation Property and Equipment Total Assets Liabilities and Shareholders Equity Current Liabilities: Accounts Payable Uneamed Revenue Salaries Payable Total Current Liabilities Long Term Liabilities: Notes Payable Total Liabilities Shareholders Equity Total Liabilities and Shareholders Equity $1,500 $1,200 S600 $3,300 S2,800 S6.100 S19 450 $25,550 8200 5500 20,050 Total Statement of Shareholders Equity For the Year Ended July 31, 2020 Common Stock Retained Earnings Opening Balance $20,000 $0 Add: Net Income During the Year $3.59 $20,000 $350 Less: Dividend SO $900 Closing Balance $20,000