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Using the following financial data, calculate the specified financial ratios: Total Assets: $500,000 Total Liabilities: $300,000 Net Income: $50,000 Sales: $200,000 Current Assets: $150,000 Current

Using the following financial data, calculate the specified financial ratios:

  • Total Assets: $500,000
  • Total Liabilities: $300,000
  • Net Income: $50,000
  • Sales: $200,000
  • Current Assets: $150,000
  • Current Liabilities: $100,000
  1. Current Ratio
  2. Quick Ratio (Assume Inventories are $50,000)
  3. Debt to Equity Ratio
  4. Return on Assets (ROA)
  5. Return on Equity (ROE)

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