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Ruggles Coffee Shop had net income of $ 1 0 0 , 0 0 0 in 2 0 2 2 . Current assets at the

Ruggles Coffee Shop had net income of $100,000 in 2022.
Current assets at the end of the year were $300,000.
Current liabilities at the end of the year were $150,000.
Total assets at the beginning of the year were $700,000.
Total assets at the end of the year were $500,000.
Compute the current ratio for 2022
Compute the return on assets ratio for 2022.

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