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Current Attempt in Progress Flint Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. FLINT COMPANY BALANCE

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Current Attempt in Progress Flint Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. FLINT COMPANY BALANCE SHEET DECEMBER 31, 2020 Cash $43,300 Accounts payable $81,800 Receivables 130,500 79,600 Mortgage payable 94,100 Common stock ($1 par) Inventory 150,400 74,200 Plant assets (net) Retained earnings 219,900 $436,900 $436,900 The net income for 2020 was $27,500. Assume that total assets are the same in 2019 and 2020. (a) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio (d) Return on assets

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