Any assistance would be great. See below: Zeppelin Corporation’s comparative balance sheets are presented below.

Zeppelin CORPORATION

Balance Sheets

December 31

2018

2017

Cash

$ 8,000

$ 9,000

Accounts receivable

35,000

38,000

Inventory

25,500

22,500

Land

15,000

15,000

Building

100,000

90,000

Accumulated depreciation

(27,000)

(25,000)

    Total

$156,500

$149,500

Accounts payable

$ 50,000

$ 46,000

Common stock

63,000

60,000

Retained earnings

43,500

43,500

    Total

$156,500

$149,500

Zeppelin’s 2018 income statement included net credit sales of $200,000, cost of goods sold of $120,000, and net income of $30,000.

Instructions: 

Compute the following ratios for 2018. (a) Current ratio. (b) Acid-test ratio. (c) Receivables turnover. (d) Profit margin. (e)Return on assets. (Round ratios to 2 decimal places and percentages to 1 decimal place.)