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13.178 (LO 4) Ratio Computation a l S December 31, 2000, presented the following balance...

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13.178 (LO 4) Ratio Computation a l S December 31, 2000, presented the following balance sheet c h abernoperating for several years, SINGLETON COMPANY BALANCE SHEET DROEMERE 31.21 Cash $40.000 20.000 Receivables Inventories Plants $ 20,000 37.500 47.500 110.000 215 mm Accounts payable Mortgage payable Common stock (51 par) Retained eaming (net) $215.000 The net income for 2020 was $12.500. Assume that totales are the same in 2019 and 2020. Instructions Compute each of the following ration. For each of the four indicate the manner in which it is computed and its significance as a tool in the analysis of the financial soundness of the company (a) Current ratio. (c) Debt to total assets. (b) Acid-test ratio. (d) Rate of return on assets

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