I need help with interpretation of Ratio with the following spreadsheet:

A B 10 11 12 13 14 15 16 Current Ratio Current Ratio=Current asset / Current Liabilities Current asset=Cash+Prepaid Insurance+Repair supplies= $18,060+2,200+200 = $20,460 Current Liabilities= Accounts payable+Income taxes payable= $5,050+65 = $5,115 Current Ratio= $20,460 / $5,115 = 4 4:01 18 19 20 21 22 23 24 25 26 Leverage Ratio Leverage Ratio= Total Debt / Total Equity Total Debt= Accounts payable + IT payable = $5,050+65=$5,115 Total Equity = Common stock + Retained Earnings = $20,000+1,025 = $21,025 Leverage Ratio= $5,115 / $21,025 = 0.24 (or) 24.33% Asset Turnover Ratio Asset Turnover Ratio= Net Sales / Average Total assets $5,350 / $26,140 Asset Turnover Ratio=0.20 Net Profit Margin Ratios Net Profit Margin Ratio= Net Income / Net Sales $2,025 / $5,350 0.38 (or) 37.85% 29 30 31 32 33 37 38 39 40 Rate of Return on Total Assets Rate of return on Total assets= Net Income / Average Total assets $2,025 / $26,140 0.07 (or) 7.75%