The Balance Sheet at December 31, 2017 for Zumba Company

Essay

The balance sheet at December 31, 2017 for Zumba Company follows:
in thousands of dollars, unless otherwise specified
Additional information follows:
1. Net income for the year ended December 31, 2017 is $2,020.
2. Cost of goods sold for the year ended December 31, 2017 is $4,400.
3. Inventory on January 1, 2017 is $1,800.
4. Accounts Receivable, net on January 1, 2017 are $4,400.
5. Total assets on January 1, 2017 are $20,000.
6. Net credit sales for the year ended December 31, 2017 are $14,600.
7. Net income before interest and taxes for the year ended December 31, 2017 is $4,800.
8. Interest expense for the year ended December 31, 2017 is $550.
9. Total stockholders' equity on January 1, 2017 is $3,500.
Compute the following ratios:
1. Current ratio
2. Quick ratio
3. Accounts receivable turnover
4. Days' inventory outstanding
5. Times interest earned
6. Return on assets
7. Return on equity