FastFood Inc.'s financial data includes:

• Cash: $95,000
• Accounts Receivable: $55,000
• Inventory: $70,000
• Accounts Payable: $25,000
• Notes Payable: $30,000
• Long-Term Debt: $110,000
• Common Stock: $150,000
• Retained Earnings, beginning of year: $60,000
• Sales Revenue: $350,000
• Cost of Goods Sold: $200,000
• Operating Expenses: $80,000
• Interest Expense: $10,000
• Tax Expense: $15,000

Requirements:

1. Determine FastFood Inc.'s net income.
2. Compute the current ratio.
3. Calculate the debt-to-equity ratio.
4. Find the ending retained earnings.