Frele company year- end balance sheets follow

AT DEC 31. Year 1. year 2

Assets:

Cash 30,000 34,000

Accounts Receivable, net. 80,000. 62,000

Merchandise Inventory. 111,000 84,500

Prepaid expenses 9,250. 9,300

Plan assets, net. 301,000. 248,500

Total assets. 531,250. 438,300

Liabilities and Equity:

Accounts payable. 136,900. 75,800

Long term notes payable. 96,000. 100,000

Common stock $10 per value 163,500 163,500

Retained earnings. 134,850. 99,000

TOTAL LIABILITIES AND EQUITY:

$531,250 $438,300

THE COMPANY'S INCOME STATEMENTS FOR THE CURRENT YEAR FOLLOW:

For year ended Dec 31. YEAR 2

Sales. $700,000

Cost of good sold. $450,000

Gross Profit. $250,000

Other operating expenses. $211,000

Interest expense. $8,400

Income tax expense. $7,500

Total expenses. $226,900

Net Income. $23,100

Requirements :

Compute the following rations for year 2:

RADIO YEAR 2

a) Current Ratio

b) Return on Assets

c) Asset Turnover

d) Inventory Turnover

e) Debt to Equity Ratio

f) Profit Margin Radio