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Metlock Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. Cash METLOCK COMPANY BALANCE SHEET DECEMBER 31,

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Metlock Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. Cash METLOCK COMPANY BALANCE SHEET DECEMBER 31, 2020 $36,400 Accounts payable 69,200 Mortgage payable 99,300 Common stock ($1 par) 237,700 Retained earnings $442,600 Receivables $78,100 141,500 154,400 Inventory Plant assets (net) 68,600 $442,600 The net income for 2020 was $26,700. Assume that total assets are the same in 2019 and 2020. (a) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio % (d) Return on assets %

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