Redlands, Inc. presents the following Income Statement and Balance Sheet for 2014.

Use the income statement and balance sheet data (in dollars) to compute the following ratios:

1. Return on equity

2. Working capital (current) ratio

3. Inventory turnover

4. Accounts receivable turnover

5. Total debt to total capital ratio

Income Statement

Sales revenues	$200
Cost of goods sold	120
Gross profit	80
Operating expenses	50
Net income	$ 30

Balance Sheet

Assets

Cash

$ 60

Accounts receivable

90

Inventory

140

Current assets

290

Equipment

210

Total assets

$500

Liabilities
Accounts payable	$ 70
Shareholders Equity
Common stock	240
Retained earnings	190
Total S/Equity	430
Total Liabilities and S/E	$500