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Following are selected financial data in thousands of dollars for the Hunter Corporation. 2012 2011 Current assets $ 500 $400 Fixed assets, net 700 600

Following are selected financial data in thousands of dollars for the Hunter Corporation. 2012 2011 Current assets $ 500 $400 Fixed assets, net 700 600 Total assets 1,200 1,000 Current liabilities 300 200 Long-term debt 200 200 Common equity 700 600 Total liabilities and equity $1,200 $1,000 Net sales $1,500 $1,200 Total expenses 1,390 1,100 Net income 110 100. a. Calculate Hunter

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