The following information is available from the annual report of Frixell, Inc.:

Which of the following statements are correct? (More than one statement may be correct.)

a. The return on equity exceeds the return on assets.

b. The current ratio is 0.625 to 1.

c. Working capital is \(\$ 1,200,000\).

d. None of the above answers is correct.

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Current assets .... $ 480,000 Average total assets.... 2,000,000 Current liabilities $300,000 Operating income ..... 240,000 Average total Net income... 80,000 equity .... 800,000