Selected information from the financial statements of Volman Company for the year ended December 31, 2003, appears below: 2003 Current assets $ 350,000 Total assets 1,200,000 Current liabilities 140,000 Long-term liabilities 400,000 Net sales 1,500,000 Gross profit 600,000 Net 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 4. The return on assets ratio for 2003 is