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In addition, the following information for 2012 has been assembled:
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $300,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000
Market value at December 31, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180,000
Compute the following ratios:
1. Debt ratio
2. Current ratio
3. Return on sales
4. Asset turnover
5. Return on equity
6. Price-earningsratio
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