Selected information from the financial statements of Volman Company for the year ended December 31, 2003, appears below: 2003 Current assets $ 350,000 1,200,000 Total assets liabilities 400,000 140,000 Current Long-term liabilities 1,500,000 Net sales Net 600,000 Gross profit income 150,000 Instructions Answer the following questions relating to the year ended December 31, 2003. The ending balance for Total Assets for 2002 was $800,000. Show computations. 1. The current ratio for 2003 is 2. The debt to total assets ratio for 2003 is 3. The profit margin ratio for 2003 is 518 PM on assets ratio for 2003 is