Q1- Compute the following:

1. Current Ratio
2. Quick Ratio
3. Average Collection Period
4. Operating Return on Assets
5. Total Asset Turnover
6. Inventory turnover
7. Debt Ratio
8. ROE
9. Price Earnings Ratio

Table 1: Financial Statements Emery Corporation Financial Statements For the year ended December 31, 2017 Income Statement Balance Sheet Assets: Cash Accounts receivable Inventory Net fixed assets Total assets $150,000 450,000 400,000 2,100,000 $3,000,000 Sales (all credit) Cost of goods sold Operating expense Interest expense Income taxes Net income $8,000,000 (4,000,000) (2,900,000) (150,000) (380,000) $570,000 Liabilities and owners' equity: Accounts payable Long-term Notes payable Long-term debt | $100,000 450,000 1,050,000 Owners' Equity Total liabilities and owner's equity | 1,400,000 $3,000,000 Earnings Per Share 2.20 Market price per share = 35