Hokie had net income of $28 million for 2010 and paid total cash dividends of $20 million to their common stockholders. Calculate the following 2010 financial ratios of Aggie Corporation using the information given in Table 4-7:

i.	current ratio

ii.	acid test ratio

iii.	debt ratio

iv.	return on total assets

v.	return on common equity

Hokie Corporation Comparative Balance Sheet For the Years Ending December 31, 2009 and 2010 Millions of Dollars) 2009 Assets 2010 Current Assets $2 $10 16 12 Cash Accounts receivable Inventory Total current assets 22 26 $40 $48 $120 $124 Gross fixed assets: Less accumulated depreciation Net fixed assets Total assets (60) 60 (64) 60 $100 $108 Liabilities and owners' equity: Current liabilities: $16 $18 Accounts payable Notes payable Total current liabilities 10 10 $26 $28 Long-term debt 20 18 Owners' equity Common stock 40 40 Retained eamings 14 22 Total liabilities and owners' equity $100 $108