The financial information below was taken from the annual financial statements of falls company 2016 2015

current assets $280,000 $170,000 current liabilities 80,000 90,000 total assets 550,000 450,000

sales 760,000 600,000 Cost of goods sold 525,000 510,000 Inventory 100,000 110,000 Receivables (net) 100,000 60,000 Net income 57,000 48,000 Common stockholders's equity 330,000 270,000 Total liabilities 160,000 180,000 Instructions: Calculate the following ratios (show both math equation and the answer) for Falls company for 2016 1- current ratio. 2- Return on assets. 3- Debt to total assets ratio. Is the company mainly financed by debt or owner's investment? 4- Inventory turnover. What does this ratio mean? 5- Return on common Stockholders' equity . 6- Asset turnover. 7. Profit margin. Please need the answer and explanations. Thank you