Hokie Corporation Comparative Balance Sheet For the Years Ending December 31, 2007 and 2008 (Millions of Dollars) Assets 2007 2008 Current Assets: Cash $10 Accounts Receivable 16 16 Inventory Total Current Assets $40 $52 Gross Fixed Assets $124 $120 Less Accumulated Depreciation (60) (64) Net Fixed Assets S112 $100 Total Assets Liabilities and owners Equity Current Liabilities: Accounts Payable $16 $18 Notes Payable $28 Total Current Liabilities $26 Owners Equity: $40 $40 Common Stock Retained Earnings 14 -26 $112 Total Liabilities and owners Eq $100 Hokie Corporation had Net Income of $26 Million for 2008 and paid Cash Dividends of $20 million to common stockholders. calculate the following 2008 financial ration of Hokie corporation using the information given above. A. Current Ratio B. Acid Test Ratio C. Debt Ratio D. Return on Total Assets Return on Common Equity. Show calculations for a-e