Grande Corporation's comparative balance sheets are presented below.

Grande CORPORATION

Balance Sheets

December 31

2019 2018

Cash $ 9,000 $ 8,000

Accounts receivable 38,000 35,000

Inventory 22,500 25,500

Land 15,000 15,000

Building 100,000 90,000

Accumulated depreciation (26,000) (25,000)

Total $158,500 $148,500

Accounts payable $ 46,000 $ 50,000

Common stock 62,000 60,000

Retained earnings 50,500 38,500

Total $158,500 $148,500

Grande's 2019 income statement included net credit sales of $400,000, cost of goods sold of $110,000, and net income of $40,000.

Compute the following ratios for 2019. (a) Current ratio. (b) Acid-test ratio. (c) Receivables turnover. (d) Profit margin. (e)Return on assets. (Round ratios to 2 decimal places and percentages to 1 decimal place.)