December 31, 2011 Assets Cash $ 75,100 Accounts receivable 14,000 Office supplies 1,500 Prepaid rent 3,400 Buses $ 240,000 Accumulated depreciation: buses (18,000) $ 222,000 -------------------------------------------------------------------------------- Total assets $ 316,000 -------------------------------------------------------------------------------- Liabilities Accounts payable $ 140,200 Unearned revenue 94,800 -------------------------------------------------------------------------------- Total liabilities $ 235,000 -------------------------------------------------------------------------------- Stockholders' Equity Capital stock $ 80,000 Retained earnings 1,000 -------------------------------------------------------------------------------- Total stockholders' equity $ 81,000 -------------------------------------------------------------------------------- Total liabilities and stockholders' equity $ 316,000 -------------------------------------------------------------------------------- Other information provided by the company is as follows: Total revenue for the year ended December 31, 2011 $ 152,000 Total expenses for the year ended December 31, 2011 148,960 Total stockholders' equity, January 1, 2011 79,000 -------------------------------------------------------------------------------- Compute the following measures: a. Net income percentage in 2011. (Omit the "%" sign in your response.) Net income % __________ b. Return on equity in 2011. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) Return on equity % _____________ c. Working capital on December 31, 2011. (Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.) Working capital $ ?? d. Current ratio on December 31, 2011. (Round your answers to 1 decimal place.) Current ratio ??? to ???