Sparrow Sporting Goods reported the following data at March 31, 2012, with amounts adapted in thousands:

1. Compute Sparrow's net working capital.

2. Compute Sparrow's current ratio. Round to two decimal places.

3. Compute Sparrow's debt ratio. Round to two decimal places.

4. Do these values and ratios look strong, weak, or middle-of-the-road?

Sparrow Sporting Goods Company Income Statement For the Year Ended March 31, 2012 (Amounts in thousands) Net revenues Cost of goods sold All other expenses Net income S175,500 136,000 29,000 S 10,500 Sparrow Sporting Goods Company Statement of Retained Earnings For the Year Ended March 31, 2012 (Amounts in thousands) Retained earnings, March 31, 2011 Add: Net income Retained earnings, March 31,2012 $21,500 10,500 $32,000 Sparrow Sporting Goods Company Balance Sheet March 31, 2012 Amounts in thousands) Assets Current: Cash Accounts receivable Inventories Other current assets 20,800 28,000 35,000 5,000 88,800 6,300 22,000 $117,100 Total current assets Property and equipment, net Other assets Total assets Liabilities Total current liabilites Long-term liabilities Total liabilities S 55,100 7,500 62,600 Stockholders' Equity Common stock Retained earnings Total stockholders' equity 22,500 32.000 54,500 $117,100 Total liabilities and stockholders