need help on both please

Please use the following information (pertaining to Dance Company) to answer the next question. Ass that all balance sheet amounts represent both average and ending balance figures. Assume that all sal were on credit Assets Cash and short-term investments $ 45,000 Accounts receivable (net)....... 25,000 Inventory 20,000 Property, plant and equipment. 210,000 Total Assets $300,000 Liabilities and Stockholders' Equity Current liabilities $ 50,000 Long-term liabilities....... 90,000 Stockholders' equity-common 160,000 Total Liabilities and Stockholders' Equity $300,000 Income Statement Sales $ 120,000 Cost of goods sold... 66.000 Gross margin 54,000 Operating expenses. 30.000 Net income $ 24,000 Number of shares of common stock Market price of common stock..... Dividends per share on common stock Cash provided by operations... What is the current ratio for Dance Company? 6,000 $20 .50 $40,000 1.40 1.30 0.64 1.80 Please use the following information (pertaining to Dance Company) to answer the next question. Assum that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. $300,000 Assets Cash and short-term investments $ 45,000 Accounts receivable (net)....... 25,000 Inventory 20,000 Property, plant and equipment. 210,000 Total Assets $300,000 Liabilities and Stockholders' Equity Current liabilities $ 50,000 Long-term liabilities..... 90,000 Stockholders' equity-common 160,000 Total Liabilities and Stockholders' Equity Income Statement Sales $ 120,000 Cost of goods sold.... 66.000 Gross margin 54,000 Operating expenses.... 30,000 Net income $ 24,000 Number of shares of common stock 6,000 Market price of common stock. $20 Dividends per share on common stock .50 Cash provided by operations. $40,000 What is the return on assets for this Dance Company? 16.0% 8.0% 14.0% 7.0%