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Redlands, Inc. presents the following income statement and balance sheet for 2011. $200 130 Income Statement Sales revenues Cost of goods sold Gross profit Operating

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Redlands, Inc. presents the following income statement and balance sheet for 2011. $200 130 Income Statement Sales revenues Cost of goods sold Gross profit Operating expenses Net income 70 50 20 80 Assets Cash Accounts receivable Inventory Current assets Balance Sheet Liabilities 60 Accounts payable 80 150 Shareholders' Equity 290 Common stock Retained earnings 210 Total S/Equity S500 Total Liabilities and SE Equipment Total assets 240 180 420 S500 Required: Use the income statement and balance sheet data in dollars) above to compute the following: 1. Return on assets 2. Working capital 3. Number of days inventory 4. Accounts receivable turnover 5. Total debt to total capital ratio

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