Zap Electronics reported the following for the fiscal years ended January 31, 2011, and January 31, 2010:

Assume all sales are on credit and the firm has no preferred stock outstanding. Calculate the following ratios:

1. Current ratio (for both years)
2. Accounts receivable turnover ratio (for 2011)
3. Inventory turnover ratio (for 2011)
4. Debt- to- equity ratio (for both years)
5. Return on equity ratio (for 2011) Do any of these ratios suggest problems for thecompany?

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January 31 (in thousands) Accounts receivable Inventory Current assets Current liabilities Long-term liabilities Shareholders' equity Sales Cost of goods sold Interest expense Net income 2011 2010 36,184 24,306 106,754 13,875 174,369 154,369 71,616 68,001 12,316 35,200 121,85 198,935 712,855 580,223 483,463 400,126 709 4,706 335 11,953 2