Marigold Company has been operating for several years, and on December 31,2020, presented the following balance sheet. MARIGOLD COMPANY BALANCE SHEET DECEMBER 31, 2020 Cash $38,900 Accounts payable $74,200 Receivables 70,100 Mortgage payable 140,100 Inventory 97,200 Common stock ($1 par) 141,400 Plant assets (net) 234,600 Retained earnings 85,100 $440,800 $440,800 The net income for 2020 was $24,500. Assume that total assets are the same in 2019 and 2020 . (a) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio % (d) Return on assets %

Marigold Company has been operating for several years, and on December 31,2020, presented the following balance sheet. The net income for 2020 was $24,500. Assume that total assets are the same in 2019 and 2020 . (a) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)