E14-11 Scully Corporation's comparative balance sheets are presented below. SCULLY CORPORATION Balance Sheets December 31 2011 2010 Cash $ 4,300 $ 3,700 Accounts receivable 21,200 23,400 Inventory 10,000 7,000 Land 20,000 26,000 Building 70,000 70,000 Accumulated depreciation (15,000) (10,000) Total $110,500 $120,100 Accounts payable $ 12,370 $ 31,100 Common stock 75,000 69,000 Retained earnings 23,130 20,000 Total $110,500 $120,100 Scully's 2011 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $15,000. Compute the following ratios for 2011. (Round ratios to 2 decimal places, e.g. 10.50. Round percentages to 1 decimal place, e.g. 10.5.) (a) Current ratio : 1 (b) Acid-test ratio : 1 (c) Receivables turnover times (d) Inventory turnover times (e) Profit margin % (f) Asset turnover times (g) Return on assets % (h) Return on common stockholders' equity % (i) Debt to total assets ratio %