Ratio Assignment Bike-With-Us Corporation, a specialty bicycle parts replacement venture, was started last year by two former professional bicycle riders who had substantial competitive racing experience including competing in the Tour de France. The two entrepreneurs borrowed $50,000 from members of their families and each put up $30,000 in equity capital. Retail space was rented and $60,000 was spent for fixtures and store equipment. Following are the abbreviated income statement and balance sheet information for the Bike-With-Us Corporation after one complete year of operation. BIKE-WITH-US CORPORATION Sales $325,000 Operating Costs 285,000 Depreciation 10,000 Interest 5,000 Taxes 6,000 Cash $1,000 Receivables 30,000 Inventories 50,000 Fixed Assets, Net 50,000 Payables 11,000 Accruals 10,000 Long-Term Loan 50,000 Stockholders' Equity 60,000 NAME Calculate Each of the following Answer current ratio quick ratio total-debt-to-total-assets ratio debt-to-equity ratio interest coverage net profit margin sales-to-total-assets ratio return on total assets operating return on assets Prepare an income statement and a balance sheet for the Bike-With-Us Corporation using only the information provided above to calculate the following ratios, place your answer on the answer sheet and submit it in the assignment tab. Calculate the current ratio, quick ratio. Current ratio = Current Assets/Current Liabilities Quick Ratio = current Assets-Inventory/Current Liabilities Calculate the total-debt-to-total-assets ratio, debt-to-equity ratio, and interest coverage ratio Total Debt to Total Asset = Debt/Assets Debt to Equity Ratio = Debt/Equity Interest Coverage Ratio = EBITDA/Interest Calculate the net profit margin, sales-to-total-assets ratio, and the return on total assets. Net Profit Margin = Net Profits/Revenues Sales to Total Asset ratio = Sales/Assets Return on Total Assets = Net Profit/Assets Calculate the operating return on assets. Operating Return on Assets = EBIT/Assets Points