(Ratio Computations and Discussion);Costner Company has been operating for several years, and on December 31, 2010, presented the following balance sheet.;COSTNER COMPANY;Balance Sheet;December 31, 2010;Cash $40,000;Receivables 75,000;Inventories 95,000;Plant Assets (net) 220,000;Total $430,000;Accounts payable $70,000;Mortgage payable 140,000;Common stock ($1 par) 160,000;Retained earnings 60,000;Total $430,000;The net income for 2010 was $25,000. Assume that total assets are the same in 2009 and 2010.;Compute each of the following ratios. (Round all answers to 2 decimal places, e.g. 1.50.);a.Current ratio.;b.Acid-test ratio.;c.Debt to total assets. %;d.Rate of return on assets. %
Current ratio, acid ratio, debt to total assets
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