Question 8 of 10 Sage Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. 0.5/1 Cash Receivables Inventory Plant assets (net) SAGE COMPANY BALANCE SHEET DECEMBER 31, 2020 $39.900 Accounts payable 75,400 Mortgage payable 100,300 Common stock ($1 par) 231,600 Retained earnings $447,200 $83.900 147,600 159,700 56,000 $147,200 The net income for 2020 was $23,100. Assume that total assets are the same in 2019 and 2020. (a) Compute each of the following ratios. (Round answers to 2 decimal places, eg. 1.59 or 45.87%) (a) (b) Current ratio Acid-test ratio Debt to assets ratio Return on assets (c) (d) e Textbook and Media Attempts: 2 of 3 used Submit Answer Sve for Later