Stewart Corporation?s comparative balance sheets are presented below.

Stewart?s 2012 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $15,000.

InstructionsCompute the following ratios for 2012.(a) Current ratio.(b) Acid-test ratio.(c) Receivables turnover.(d) Inventory turnover.(e) Profit margin.(f) Asset turnover.(g) Return on assets.(h) Return on common stockholders' equity.(i) Debt to total assetsratio.

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STEWART CORPORATION Balance Sheets December 31 2011 2012 $ 4.300 $ 3.700 Cash Accounts receivable 21.200 23,400 Inventory 10.000 7.000 Land 20,000 26.000 Buildings Accumulated depreciation-buildings 70,000 70,000 (15.000) (10.000) $110,500 $120.100 Total $ 12.370 $ 31.100 Accounts payable Common stock 75.000 69,000 Retained earnings 20,000 23.130 $110,500 $120.100 Total