The balance sheet for Tony Corporation is as follows.

In addition, the following information for 2012 has been assembled:
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $300,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000
Market value at December 31, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180,000
Compute the following ratios:
1. Debt ratio
2. Current ratio
3. Return on sales
4. Asset turnover
5. Return on equity
6. Price-earningsratio

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Tony Corporation Balance Sheet December 31, 2012 Assets Current assets: $ 15,000 21,000 S 36,000 30,000 60,000 S126,000 Cash. Accounts receivable Total current assets Long-term investments Property, plant, and equipment. Total assets. Liabilities and Stockholders' Equity Current liabilities: Accounts payable Salaries payable Total current liabilities. S 19,000 9,000 S 28,000 23,000 $ 51,000 Long-term liabilities Total liabilities Stockholders' equity: Paidin capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 50,000 25,000 S 75,000 S126,000