Computing ratios)

Use the information from the balance sheet and income statement in the popup window to calculate the following ratios:

A. The return on equity is ___%.

Balance Sheet ASSETS $ Cash Accounts receivable Inventory 90,000 39,000 40,000 14,000 $ Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation 183,000 397,000 (67,000) $ 513,000 NU Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable $ 92,000 61,000 is $ Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings asse 153,000 120,000 204,000 36,000 513,000 Roy Total liabilities and equity $ 7% Income Statement Balance Sheet ASSETS $ Cash Accounts receivable Inventory 90,000 39,000 40,000 14,000 $ Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation 183,000 397,000 (67,000) $ 513,000 NU Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable $ 92,000 61,000 is $ Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings asse 153,000 120,000 204,000 36,000 513,000 Roy Total liabilities and equity $ 7% Income Statement