Use the Following Information to Calculate the Liquidity and Profitability

Essay

Use the following information to calculate the liquidity and profitability ratios listed below. Round to two decimal places.
$\begin{array}{lrlr}\text { Average owner's equity } & \$ 14,000 & \text { Net income } & \$ 2,100 \\\text { Average total assets } & 21,000 & \text { Net sales } & 17,500 \\\text { Current assets } & 15,000 & \text { Total liabilities } & 10,500 \\\text { Current liabilities } & 10,000 & &\end{array}$
a. Current ratio
b. Working capital
c. Return on equity
d. Profit margin
e. Debt to equity ratio
f. Return on assets
g. Asset turnover