Below, you will find the balance sheet data for High Couture, Inc. for Years 2 and 1:

Also known for Year 2:

Compute the following ratios for High Couture for Year 2:

1. Return on total assets

2. Return on equity

3. Earnings per share

4. Price-earnings ratio

5. Dividend yield ratio

6. Times-interest earned

7. Debt ratio

8. Current ratio

9. Quick ratio

10. Inventory turnover

11. Accounts receivable turnover

Assets Current Assets Cash High Couture, Inc. Balance Sheet December 31, December 31, Year 2 Year 1 $20,000 $16,000