Styles Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance Sheets 2020 2019 Assets Cash and equivalents $70 Accounts receivable $55 275 Inventories 300 375 350 Total current assets $720 $705 Net plant and equipment Total assets 2,000 1,490 $2.720 $2,195 Uabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 120 145 Total current liabilities $345 Long-term debt $280 450 290 Total liabilities $795 $570 Common stock Retained earnings 1,225 1,225 700 400 Total common equity $1,925 Total liabilities and equity $1,625 $2,720 $2,195 Income Statements Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income 2020 $2,000 1,250 $750 100 $650 62 $588 235 $353 2019 $1,500 1,000 $500 75 $425 45 $380 152 $228 $53 $300 Dividends paid Addition to retained earnings Shares outstanding Price WACC $48 $180 100 $25.00 10.00% 100 $22.50 What is the firm's 2020 current ratio? Do not round intermediate calculations. Round your answer to two decimal places. CI If the industry average debt-to-assets ratio is 30%, then Rosman's creditors have a cushion than indicated by the industry average. -Select What is the firm's 2020 net profit margin? Do not round intermediate calculations. Round your answer to two decimal places. % If the industry average profit margin is 12%, then Rosnan's lower than average debt-to-assets ratio might be one reason for its high profit margin. -Select- What is the firm's 2020 price/earnings ratio? Do not round intermediate calculations. Round your answer to two decimal places. Using the DuPont equation, what is the firm's 2020 ROE? Do not round intermediate calculations. Round your answer to two decimal places. % IS