1. What is the firm's 2019 current ratio? Round your answer to two decimal places. _
2. The 2019 current ratio indicates that Rosnan has ?_ current assets to meet its current obligations as they come due.
   1. What is the firm's 2019 total assets turnover ratio? Round your answer to four decimal places. _
3. Given the 2019 current and total assets turnover ratios calculated above, if Rosnan's 2019 quick ratio is 1.0 then an analyst might conclude that Rosnan's fixed assets are managed ?_
   1. What is the firm's 2019 debt-to-capital ratio? Round your answer to two decimal places. %
4. If the industry average debt-to-capital ratio is 30%, then Rosnan's creditors have a _? cushion than indicated by the industry average.
   1. What is the firm's 2019 profit margin? Round your answer to two decimal places. _ %
5. If the industry average profit margin is 12%, then Rosnan's lower than average debt-to-capital ratio might be one reason for its high profit margin _
   1. What is the firm's 2019 price/earnings ratio? Round your answer to two decimal places. _
6. Using the DuPont equation, what is the firm's 2019 ROE? Round your answer to two decimal places. _ %

Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below