The balance sheet and income statement of Cookie & Coffee Creations Inc. for its first year of operations, the year ended October 31, 2017, follows.

COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, 2017
Assets
Current assets
Cash	$86,219
Accounts receivable	3,250
Inventory	17,897
Prepaidexpenses	6,300		$113,666
Property, plant, and equipment
Furnitureand fixtures	$12,500
Accumulated depreciationfurnitureandfixtures	(1,250	)	11,250
Computer equipment	4,200
Accumulated depreciationcomputer equipment	(600	)	3,600
Kitchen equipment	29,000
Accumulated depreciationkitchen equipment	(2,050	)	26,950	41,800
Total assets		$155,466
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$5,848
Income tax payable	19,690
Dividends payable	700
Salaries and wages payable	2,250
Interest payable	188
Note payablecurrent portion	4,000		$32,676
Long-term liabilities
Note payablelong-term portion	6,000
Total liabilities	38,676
Stockholders' equity
Paid-in capital
Preferred stock, 2,800 shares issued and outstanding	$14,000
Common stock, 25,930 shares issued, 25,180 outstanding	25,930		39,930
Retained earnings	77,360
Total paid-in capital and retained earnings	117,290
Less: Treasury stock (750 common shares)	500
Total stockholders equity	116,790
Total liabilities and stockholders' equity		$155,466

COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2017
Sales revenue	$462,500
Cost of goods sold	231,250
Gross profit	231,250
Operating expenses
Salaries and wages expense	$92,500
Depreciation expense	3,900
Other operating expenses	35,987	132,387
Income from operations	98,863
Other expenses
Interest expense	413
Income before income tax	98,450
Income tax expense	19,690
Net income	$78,760

Additional information: Natalie and Curtis are thinking about borrowing an additional $20,000 to buy more kitchen equipment. The loan would be repaid over a 4-year period. The terms of the loan provide for equal semiannual installment payments of $2,500 on May 1 and November 1 of each year, plus interest of 5% on the outstanding balance.

(a)

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Calculate the following ratios.(Round current ratio to 2 decimal places, e.g. 2.25 and other answers to 1 decimal place, e.g. 2.2 or 2.2%.)

1.	Current ratio		:1
2.	Accounts receivable turnover		times
3.	Inventory turnover		times
4.	Debt to assets		%
5.	Times interest earned		times
6.	Gross profit rate		%
7.	Profit margin		%
8.	Asset turnover		times
9.	Return on assets		%
10.	Return on common stockholders' equity		%