On the night of February 1, 2020, an accidental fire destroyed certain records of Brad Corporation. Brad was able to piece together the following information: 

 

The shareholder's equity section of the balance sheet from the year-ended 2019 was:

Shareholders' Equity: ($000)
Common Stock				$100
Additional paid in capital				$800
Retained earnings				$1,170
Total shareholders' equity				$2,070

 

Brad issued no additional common stock in 2020 and paid no dividends in 2020. 

Using only the 2020 year-end balances to calculate the ratio, the 2020 asset turnover ratio was 1.5. 

 

Sales in 2020 were $12,000 and the net profit margin was 15%. 

 

Using only the 2020 year-end balance sheet amounts in your calculations:

What was Brad's 2020 debt to assets ratio? 

 

What was Brad's return on equity ratio?