Logistics Co. has the following balances at year-end:

• Cash: $80,000
• Accounts Receivable: $50,000
• Inventory: $70,000
• Prepaid Insurance: $8,000
• Accounts Payable: $20,000
• Short-Term Debt: $10,000
• Long-Term Debt: $75,000
• Common Stock: $140,000
• Retained Earnings, beginning of year: $60,000
• Service Revenue: $320,000
• Operating Expenses: $110,000
• Depreciation Expense: $15,000
• Interest Expense: $8,000
• Tax Expense: $10,000

Requirements:

1. Determine Logistics Co.'s net income.
2. Calculate the current ratio.
3. Compute the debt-to-equity ratio.
4. Find the ending retained earnings.