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Consider the following company s balance sheet and income statement. Balance Sheet Assets Liabilities and Equity Cash $ 1 6 , 0 0 0 Accounts

Consider the following companys balance sheet and income statement.
Balance Sheet
Assets Liabilities and Equity
Cash $ 16,000 Accounts payable $ 37,000
Accounts receivable 78,000 Notes payable 31,000
Inventory 59,000
Total current assets 153,000 Total current liabilities 68,000
Fixed assets 87,000 Long-term debt 51,000
Equity 121,000
Total assets $ 240,000 Total liabilities and equity $ 240,000
Income Statement
Sales (all on credit) $ 300,000
Cost of goods sold 210,000
Gross margin 90,000
Selling and administrative expenses 22,000
Depreciation 6,000
EBIT 62,000
Interest expense 6,700
Earnings before tax 55,300
Taxes 16,590
Net income $ 38,710
For this company, calculate the following: (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g.,32.16))a. Current ratio 2.25 times
b. Number of days sales in receivables 94.90 days
c. Sales to total assets 1.25 times
d. Number of days in inventory 102.55 days
e. Debt-to-asset ratio 49.58%
f. Cash-flow-to-debt ratio 63.00%
g. Return on assets 16.13%
h. Return on equity 31.99% F is still wrong. PLease help me figure it out

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