Spring 2023 Section 3-Short Answers (72 points total) provide a complete answer with full calculations for each question. Show all work and clearly write your conclusions. 37. (24 Points) Ride along Corporation, a specialty bicycle parts replacement venture, was started last year by two former professional bicycle riders who had substantial competitive racing experience, including the Tour d France. The two entrepreneurs borrowed $50,000 from members of their families, and each put up $30,000 in equity capital. Retail space was rented, and $60,000 was spent for fixtures and store equipment. Following is the abbreviated income statement and balance sheet information for the Ride along Corporation after 1 year of operation. Ride Along Corporation a. Calculate the current ratio and NWC-to-total-assets ratio. $ 867,238.00 $294,860.00 Sales Operating Costs Depreciation Interests Taxes Cash Receivables Inventories Fixed assets, net Payables Accruals $ 12,678.00 $ 5,872.00 $ 14,283.00 $ 3,500.00 b. Calculate the total-debt-to-total-assets ratio and debt-to-equity ratio. $ 32,523.00 $ 50,000.00 $ 78,000.00 $ 15,385.00 $ 17,000.00 Long-term loan Stockholders' equity $ 50,000.00 $ 196,000.00 C. Calculate the net profit margin, sales-to-total-assets ratio, and the return on assets.