Saved 2 2. Prepare the necessary closing entries at December 31, 2019. 3. Use the information in the financial statements to compute the following ratios: Complete this question by entering your answers in the tabs below. 00-30.06 Required 1A Required 1B Required 1C Required 2 Required 3 Use the information in the financial statements to compute the following ratios: (a) Return on assets (total assets at December 31, 2018, was $200,000) Numerator: 1 Denominator: Return on total assets 1 Return on total assets (b) Debt ratio Numerator Denominator: Debt ratio 1 Debt ratio 0 Profit margin ratio (use total revenues as the denominator) Numerator: Denominator: Profit margin 1 Profit margin 0 % (d) Current ratio Numerator: 1 Denominator: 1 Current ratio Current ratio D