Peartree Company provides the following data:

Peartree Company

Balance Sheet

December 31, 2018

	Dec 31, 2018	Dec 31, 2017
Cash	$ 21,000	$ 18,000
Accounts receivable, net	31,000	35,000
Inventory	53,000	25,000
Property, Plant & Equipment, net	120,000	90,000
Total assets	$225,000	$168,000
Accounts payable	$4,000	$ 6,000
Accrued liabilities	2,000	1,000
Long-term notes payable	84,000	90,000
Total liabilities	$ 90,000	$ 97,000
Common shares	$ 30,000	$ 2,000
Retained earnings	105,000	69,000
Total shareholders' equity	$135,000	$71,000
Total liabilities and shareholders' equity	$225,000	$168,000

Peartree Company

Income Statement

For the Year Ended December 31, 2018

Sales revenue, net*		$240,000
Cost of goods sold		110,000
Gross margin		$130,000
Operating expenses:
Salary expense	$45,000
Amortization expense	12,000
Other operating expenses	13,000
Total operating expenses		70,000
Operating income		60,000
Gain on sale of plant assets		5,000
Interest expense		(4,000)
Net income before income tax		61,000
Income tax expense		(12,000)
Net income (loss)		$49,000

REQUIRED * Sales revenue is all on account

How much is the current ratio at year-end 2018?

What is the accounts receivable turnover for 2018?

What is Peartree's debt-to-equity ratio at year-end 2018?

What is the return on total assets for 2018?

How much is the times-interest-earned ratio?

What is the gross profit percentage?