Presented below are the comparative balance sheets of Joes Garage, Inc., at December 31, 2020, and 2019. Sales for the year ended December 31, 2020, totaled $1,780,000.

A) Calculate ROI for 2020. B) Calculate ROE for 2020. C) Calculate working capital at December 31, 2020. D) Calculate the current ratio at December 31, 2020. E) Calculate the acid-test ratio at December 31, 2020.

JOE'S GARAGE, INC Balance Sheets December 31, 2020, and 2019 2020 2019 Assets Cash 90,000 98,000 Accounts receivable 268,000 212,000 Merchandise inventory 402,000 394,000 $ 760,000 Total current assets 704,000 Land 132,000 120,000 Plant and equipment Less: Accumulated depreciation 728,000 650,000 (372,000) $1,248,000 (314,000) Total assets $1,160,000 Liabilities Short-term debt 98,000 86,000 Accounts payable 184,000 168,000 Other accrued liabilities 128,000 134,000 Total current liabilities 410,000 388,000 Long-term debt 174,000 214,000 Total liabilities 602,000 584,000 Stockholders' Equity Common stock, no par, 100,000 shares authorized, 35,000 and 28,000 shares issued, respectively Retained earnings: 156,000 204,000 Beginning balance Net income for the year Dividends for the year 402,000 336,000 148,000 134,000 (90,000) $ 460,000 $ 664,000 (68,000) 402,000 558,000 Ending balance Total stockholders' equity Total liabilities and stockholders' equity $1,248,000 $1,160,000