RENO Ltd.'s financial statements for the year ended December 31, 2010 are shown below: Selected income statement data for current year Net sales (all were on credit) S 323,050 Cost of goods sold 187,700 Income from operations. 87,500 Interest expense. 15,000 Net income. 75,000 Selected balance sheet and market price data at end of current year Current assets: Cash $ 17,250 Short-term investments.. 11,500 Accounts receivables, net 32,300 Inventories 60,950 Prepaid expenses 2,000 Total current assets... $112.000 Total assets $210,000 Total current liabilities $66,750 Total liabilities $82,500 Average common shareholders' equity Selected balance sheet data ar beginning of current year (January 1, 2010): Accounts receivables, niet...... $ 30,250 T Inventories $ 52,500 Total assets $ 240,000 www.$96,250 Other: Market price per common share: S 10.00 Reno paid cash dividends to preferred shareholders: $ 750 Weighted average number of common shares outstanding: 7,000 Required Compute the following ratios for the current year: Required Compute the following ratios for the current year: g. Return on net sales h. Return on total assets a. Current ratio b. Acid-test ratio c. Inventory turnover d. Accounts receivable turnover e Debt ratio Times-interest-earned ratio Y