Avery Corporation reported the following selected items as part of its 1997 financial report. Cash $ 15,000 Short-term marketable securities (at cost) 150,000 Accounts receivable 100,000 Inventory 100,000 Total assets 970,000 Accounts payable 95,000 Interest payable 50,000 Mortgage payable* 300,000 Common stock (at par valpe of $10 per share) 200,000 Additional paid-in capital 125,000 Retained earnings 200,000 Net sales 2,000,000 Cost of goods sold 900,000 Interest expense 100,000 Net income before taxes 757,575 Net income 500,000 *$50,000 of the mortgage payable is due within the next year. REQUIRED: Compute the following ratios. Where necessary, assume that the year-end balances are equal to average balances during the year. 1. Current ratio 2. Quick ratio 3. Earnings per share 4. Times-interest-eamed ratio 5. Return on assets 6. Inventory turnover 7. Return on equity