Diana's Doggy Daycare reports the following data in its October 31, 2020 financial statements:? Current assets $30,000? Long-term assets $125,500? Current liabilities $45,000? Long-term liabilities $49,000? Gross sales $300,000? Net income $5,0001. What is your assessment of the company's solvency applying the current ratio? (2 points) Why? (1.75 points)2. What is your assessment of company's solvency applying the debt-to-equity ratio? (2 points) Why? (1.75 points)3. What is your assessment of the company's profitability applying the return on sales ratio? The industry average is 7%. (2 points) Why? (1.75 points)4. What is your assessment of the company's profitability applying the return on owner's equity ratio. The industry average is 12%. (2 points) Why? (1.75 points)

Diana's Doggy Daycare reports the following data in its October 31, 2020 financial statements: Current assets $30,000 Long-term assets $125,500 Current liabilities $45,000 Long-term liabilities $49,000 Gross sales $300,000 . Net income $5,000 1. What is your assessment of the company's solvency applying the current ratio? (2 points) Why? (1.75 points) 2. What is your assessment of company's solvency applying the debt-to-equity ratio? (2 points) Why? (1.75 points) 3. What is your assessment of the company's profitability applying the return on sales ratio? The industry average is 7%. (2 points) Why? (1.75 points) 4. What is your assessment of the company's profitability applying the return on owner's equity ratio. The industry average is 12%. (2 points) Why? (1.75 points) FOCUS