Using the balance sheet below, calculate the return on assets and the debt-to-equity ratio for the year ended 12/31/2020 and 12/31/2021. Total assets at the end of 2019 were $652,307. Net income for 2020 was $98,720, and net income for 2021 was $142,700.

ABC, Inc.
Balance Sheet
December 31, 2021
	12/31/2020	12/31/2021
Assets:
Cash	$ 8,795	$ 9,882
Accounts Receivable	5,683	4,357
Supplies	412	850
Inventory	14,201	12,341
Equipment	215,100	365,100
Buildings	187,500	187,500
Land	250,110	250,110

Total Assets

Total Liabilties

Total Stockholders' Equity

Total Liabilities and Stockholders' Equity

$ 681,801

$ 140,951

$ 540,850

$ 681,801

$ 830,140

$ 278,988

$ 551,152

$ 830,140

Liabilities:
Accounts Payable	$ 6,952	$ 8,544
Notes Payable	14,200	12,100
Wages Payable	7,433	5,144
Unearned Service Revenue	12,366	3,200
Bonds Payable	100,000	250,000

Stockholders' Equity:
Common Stock (20,000 shares, $5 par value)	$ 100,000	$ 100,000
Paid in excess of par value, common stock	140,000	140,000
Retained Earnings	300,850	311,152