FinanceCo Inc. has the following year-end data:

• Cash: $110,000
• Accounts Receivable: $50,000
• Inventory: $60,000
• Prepaid Expenses: $10,000
• Accounts Payable: $30,000
• Notes Payable: $25,000
• Long-Term Debt: $90,000
• Common Stock: $150,000
• Retained Earnings, beginning of year: $75,000
• Sales Revenue: $450,000
• Cost of Goods Sold: $280,000
• Operating Expenses: $120,000
• Interest Expense: $8,000
• Income Tax Expense: $12,000

Requirements:

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