Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets: 2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $60 275 375 $710 2,000 $2,710 $45 300 350 $695 1,490 $2,185 $85 50 135 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $270 290 $150 75 110 $335 450 $785 1,225 700 $1,925 $2,710 $560 1,225 400 $1,625 $2,185 Income Statements: Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net Income 2018 $2,000 1,250 $750 100 $650 62 $588 235 $353 2017 $1,500 1,000 $500 75 $425 45 $380 152 $228 | Dividends pald Addition to retained earnings $53 $300 $48 $180 Shares outstanding Price WACC 100 $25.00 10.00% 100 $22.50 What is the firm's 2018 current ratio? Do not round intermediate calculations. Round your answer to two decimal places. If the industry average debt-to-assets ratio is 30%, then Rosnan's creditors have a bigger w cushion than indicated by the industry average. What is the firm's 2018 net profit margin? Do not round intermediate calculations. Round your answer to four decimal places. If the industry average profit margin is 12%, then Rosnan's lower than average debt-to-assets ratio might be one reason for its high profit margin. True What is the firm's 2018 price/earnings ratio? Do not round intermediate calculations. Round your answer to two decimal places. Using the DuPont equation, what is the firm's 2018 ROE? Do not round intermediate calculations. Round your answer to two decimal places