Sarasota Company has been operating for several years, and on December 31, 2017, presented the following balance sheet. SARASOTA COMPANY BALANCE SHEET DECEMBER 31, 2017 Cash $42,200 Accounts payable $86,100 Receivables 78,100 Mortgage payable 137,200 Inventory 103,900 Common stock ($1 par) 160,000 Plant assets (net) 218,000 Retained earnings 58,900 $442,200 $442,200

The net income for 2017 was $24,800. Assume that total assets are the same in 2016 and 2017. Compute each of the following ratios.

(a) Current ratio enter the Current ratio rounded to 2 decimal places

(b) Acid-test ratio enter the Acid-test ratio rounded to 2 decimal places

(c) Debt to assets ratio enter the Debt to assets ratio in percentages rounded to 2 decimal places

(d) Return on assets