Concord Corporation has been operating for several years. On December 31, 2020, it presented the following SFP.

ConcordCORPORATION

Statement of Financial Position

December 31, 2020Cash$41,200Accounts payable$72,600Accounts receivable (net)76,600Mortgage payable124,000Inventory92,200Common shares144,600Equipment (net)220,000Retained earnings88,800$430,000$430,000

Cost of goods sold in 2020 was $421,000, operating expenses were $50,800, and net income was $26,800. Accounts payable suppliers provided operating goods and services. Assume that total assets are the same in 2019 and 2020.

Calculate each of the following ratios:(a)Current ratio(b)Acid-test ratio(c)Debt-to-total-assets ratio(d)Rate of return on assets(e)Days payables outstanding