TenTen Corp.
2020 and 2021 Balance Sheets
Assets			Liabilities and Owners' Equity
	2020	2021		2020	2021
Current Assets			Current Liabilities
Cash	33,491	41,063	Acct. Payable	19,320	22,850
Acct. Receeivables	12,513	14,682	Notes Payable	12,000	10,000
Inventory	24,324	26,870	Other	9,643	11,385
Total	70,328	82,615	Total	40,963	44,235
			Long-term debt	66,000	85,000
			Owners' equity
			Common Stock & paid-in surplus	28,000	28,000
Fixed Assets			Accumulated Retained Earnings	169,433	185,905
Net Plant & Equipment	234,068	260,525	Total	197,433	213,905
Total Assets	304,396	343,140	Total Liabilities & Equity	304,396	343,140
TenTen Corp.
2021 Income Statement
Sales		322,448
Cost of Good Sold		246,557
Depreciation		26,053
EBIT		49,838
Interest		11,930
Taxable Income		37,908
Taxes (35%)		13,268
Net Income		24,640
Dividends	18,000
Retained Earnings	6,640

1. Calculating Financial Ratios. Find the following financial ratios for TenTen Corp. (Use year-end figures rather than average values where appropriate):

1. Short-term solvency ratios:

1. Current ratio
2. Quick ratio
3. Cash ratio

2. Asset Turnover Ratios:

4. Total asset turnover
5. Inventory turnover
6. Receivables turnover

3. Long-term solvency ratios:

7. Total debt ratio
8. Debt-equity ratio
9. Equity multiplier
10. Times interest earned ratio
11. Cash coverage ratio

4. Profitability ratios:

12. Profit margin

13. Return on assets
14. Return on equity

2. Calculate the 2021 ROE for TenTen Corp. and then break down your answer into its component parts using the Du Pont identity.