You are the new manager of the Duke Snider Motel. In order to better understand the motels financial situation, you decide to examine the financial statements for the year just ended (20x4). The motels balance sheet and condensed income statement are as follows:

Duke Snider Motel
Balance Sheets
December 31, 20x4
Assets
Current assets:
Cash	$95,000
Accounts receivable	100,000
Inventories	5,000
Total current assets	200,000
Property and equipment:
Land	60,000
Building (net)	300,000
Furniture & Equipemnt (net)	80,000
Total property and Equipment	440,000
Total assets	640,000
Liabilities and owners equity
Current liabilities	210,000
Long-term liabilities:
Note from owner	40,000
Mortgage payable	80,000
Total liabilities	330,000
Owners equity
Common stock	100,000
Retained earnings	210,000
Total owners equity	310,000
Total liabilities and owners equity	640,000

Duke Snider Motel
Condensed Income Statement
For the year ended December 31, 20x4
Sales	$1,500,000
Cost of goods sold	200,000
Operating expenses	800,000
Contribution margin	500,000
Undistributed operating expenses	125,000
Gross operating profit	375,000
Interest	120,000
Other non-operating expenses	162,000
Income before taxes	93,000
Income tax	27,900
Nit income	65,100

Q: Calculate the following ratios:

Current ratio

Acid-test ratio

Debt-equity ratio

Number of times interest earned ratio

Profit margin