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Fly Gate Inc is involved in the business of manufacturing fishing boats headquartered in Louisville, Kentucky. Fly Gate has current assets of $ 9 5

Fly Gate Inc is involved in the business of manufacturing fishing boats headquartered in Louisville, Kentucky. Fly Gate has current assets of $950,000, account payables and accruals of $550,000, fixed assets of $550,000, long term debt of $350,000, net sales of $1,800,000, equity multiplier of 3.0, and net income of $60,00 Fly Gate recently paid $15,000 dollars to its shareholders.
As an analyst, which pair of ratios would you use to analyze the profitability and liquidity situation of Fly Gate Inc?
Current ratio; Receivable Turnover ratio
Total asset turnover; Quick ratio
Return on equity; Current ratio
Earnings per share; Fixed Asset Tumover ratio
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