The balance sheet for Tony Corporation is as follows. 

The balance sheet for Tony Corporation is as follows.

Tony Corporation Balance Sheet December 31, 2012 Assets Current assets: $ 15,000 21,000 S 36,000 30,000 60,000 S126,000

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