Mario Industries reported net sales revenue of $1,700,000 and paid no dividends during the current year. The following information is also available at the end of the current and prior years:

Current Year Prior Year

Total Current Assets $1,000,000 $ 900,000

Property, Plant, and Equipment, Net 1,700,000 1,400,000

Total Current Liabilities 450,000 390,000

Total Long-Term Liabilities 600,000 500,000

Common Stock, $5 Par 1,000,000 1,000,000

Paid-In Capital in Excess of Par 200,000 200,000

Retained Earnings 450,000 210,000

There was no preferred stock outstanding during the current year.

Required:

Part a) Calculate the return on equity for the current year.

Part b) Calculate the debt-to-assets ratio for the current year.

Part c) Calculate the fixed asset turnover ratio for the current year.

Part d) Calculate the current ratio for the current year.