Comfort Inc.$\text{'}$s income statement and balance sheet for $2020$ are presented below.

COMFORT INC.

Income Statement

Year Ended December $31,2022$

Sales $$600,000$

Cost of Goods Solds:

Merchandise Inventory, Jan. $1,2022$ $$55,000$

Purchases $($net$)250,000$

Goods Available for Sale $$305,000$

Merchandise Inventory, Dec. $31,202265,000$

Cost of Goods Sold $240,000$

Gross Profit $$360,000$

Operating Expenses $250,000$

Income from Operations $$110,000$

Other Income and Expense:

Interest Expense $4,000$

Income before Tax $$106,000$

Income Tax Expense $48,000$

Net Income $$58,000$

COMFORT INC.

Balance Sheet

December $31,2022$

Cash $$7,500$

Marketable Securities $10,800$

Accounts Receivable $19,300$

Merchandise Inventory $65,000$

Property, Plant, and Equipment $($net$)160,000$

Patents $5,400$

Total Assets $$268,000$

Accounts Payable $$16,200$

Accrued Salaries Payable $2,700$

Income Taxes Payable $9,600$

Long$-$Term Debts $50,000$

Common Stock $($$$10-$par$)100,000$

Retained Earnings $89,500$

Total Liabilities and Stockholders' Equity $$268,000$

Required:

$1)$ Calculate the following ratios: Market

a$.$ Rate of return on total assets $($ROA$)5\mathrm{.}7$

b$.$ Rate of return on common stockholders' equity $($ROE$)8\mathrm{.}3$

c$.$ Working capital $$65,000$

d$.$ Current ratio $1\mathrm{.}2$

e$.$ Quick ratio $0\mathrm{.}75$

f$.$ Current liabilities to Inventory $0\mathrm{.}6$

g$.$ Collection period $30$ days

h$.$ Total Liabilities to Equity $0\mathrm{.}63$

i$.$ Sales to Net Working Capital $2\mathrm{.}15$

j$.$ Debt to total assets ratio $0\mathrm{.}85$

k$.$ Current Liabilities to Equity $0\mathrm{.}38$

l$.$ Account Payable to Sales $0\mathrm{.}27$

$2)$ Write a short parragraph about the financial wealth of Comfort Inc..