Use the Following Information to Calculate the Liquidity and Profitability

question 160

Essay

Use the following information to calculate the liquidity and profitability ratios listed below. Round to two decimal places.
$\begin{array}{lrlr}\text { Average owner's equity } & \$ 9,250 & \text { Net income } & \$ 1,500 \\\text { Average total assets } & 18,000 & \text { Net sales } & 15,625 \\\text { Current assets } & 11,250 & \text { Total liabilities } & 8,750 \\\text { Current liabilities } & 7,500 & &\end{array}$
a. Current ratio
b. Working capital
c. Return on equity
d. Profit margin
e. Debt to equity ratio
f. Return on assets
g. Asset turnover