Compute the following using the data from 2018 except where noted:

a. Current ratio b. Quick ratio c. Net working capital d. Inventory turnover e. Receivables turnover f. Total asset turnover g. Debt/Equity ratio h. Net profit margin i. Return on assets j. Return on equity

Balance Sheet 2017 $14,000 0.95% 48,600 3.31% Income Statement 2017 Assets Cash Short-term investments. 2018 2018 $9,282 18,000 0.32% 0.62% $5,432,000 100% $6,834,400 100% Sales Cost of Accounts receivable 351,200 23.91% 632,160 21.90% goods 2,864,000 52.72% 4,200,000 61.45% sold Other expense Inventories 710,200 48.35% 1,287,360 44.60% 340,000 6.26% 720,000 10.53% Total current $1,124,000 assets 76.53% 18,900 0.35% 116,960 1.71% $1,946,802 67.44% Depreci ation Total 1,202,950 41.67% operatin Gross fixed assets 491,000 33.43% $3,222,900 59.33% $5,036,96073.70% q costs 146,200 9.95% 263,160 9.12% | EBIT $2,209,100 40.67% $1,797,44026.30% Less: accumulated depreciation Net fixed assets $344,800 23.47% $939,790 32.56% Interest expense 62,500 1.15% 176,000 2.58% Total assets $1,468,800 100.00% $2,886,592 100.00% Pretax $2,146,600 39.52% $1,621,440 23.72% earnings Taxes (40%) Net income 858,640 15.81% 648,576 9.49% 2017 2018 $1,287,960 23.71% $972,864 14.23% $145,600 9.91% $324,000 11.22% Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities 200,000 13.62% 720,000 24.94% 136,000 9.26% 284,960 9.87% $481,600 32.79% $1,328,960 46.04% 323,432 22.02% 1,000,000 34.64% 460,000 31.32% 460,000 15.94% Long-term debt Common stock (100,000 shares) Retained earnings Total equity 203,768 13.87% 97,632 3.38% 19.32% $663,768 45.19% $557,632