Maroon Corporation's comparative balance sheets are presented below. MAROON CORPORATION Balance Sheets December 31 2020 2019 Cash $10,000 $ 9,000 Accounts receivable 38,000 35,000 Inventory 25,000 25,500 Land 10,000 9,000 Building 100,000 90,000 Accumulated depreciation (26,000) (25,000) Total $167,000 $143,500 Accounts payable $ 46,000 $ 50,000 Common stock 62,000 60,000 Retained earnings 59,000 33,500 Total $167,000 $143,500 Maroon's 2020 income statement included net credit sales of $400,000, cost of goods sold of $110,000, and net income of $40,000. Instructions: Compute the following ratios for 2020. (a) Current ratio. (b) Acid-test ratio. (c) Receivables turnover. (d) Profit margin. (e)Return on assets. (Round ratios to 2 decimal places and percentages to 1 decimal place.)

Compute:	Answer:	Show calculations below:
Current Ratio =
Acid-test ratio =
Receivables turnover =
Profit margin =
Return on assets =