A recent balance sheet of Denver Tours is provided below:

DENVER TOURS BALANCE SHEET DECEMBER 31, 2011
	Assets
Cash			$ 75,100
Accounts receivable			14,000
Office supplies			1,500
Prepaid rent			3,400
Buses		$ 240,000
Accumulated depreciation: buses		(18,000)	$222,000
Total assets			$316,000
	Liabilities
Accounts payable			$140,200
Unearned revenue			94,800
Total liabilities			$235,000
	Stockholders’ Equity
Capital stock			$ 80,000
Retained earnings			1,000
Total stockholders’ equity.			$ 81,000
Total liabilities and stockholders’ equity			$316,000

Other information provided by the company is as follows:

Total revenue for the year ended December 31, 2011	$152,000
Total expenses for the year ended December 31, 2011	148,960
Total stockholders’ equity, January 1, 2011	79,000

Compute and discuss briefly the significance of the following measures as they relate to Denver Tours:

a). Net income percentage in2011.

b). Return on equity in2011.

c). Working capital on December 31, 2011.

d). Current ratio on December 31, 2011